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Formula One CVC’s Most Profitable Investment Amid Bribery Case

Formula One, the motor racing championship embroiled in a bribery scandal, generated CVC Capital Partners Ltd.’s biggest return from a single investment in the past 12 months.

The buyout firm has marked up the value of its stake to 4.7 times its initial investment, according to a presentation at CVC’s annual investor meeting in London last week obtained by Bloomberg News. The leveraged buyout firm has already reaped 1.74 billion euros ($2.3 billion) from the holding after selling a minority stake and refinancing loans.