CVC Buys 40 Percent Stake in Moto From U.K. Pension Fund USSby
Purchase is second by CVC's Strategic Opportunities Platform
USS said it bought the road services operator this year
CVC Capital Partners said it bought a 40 percent stake of U.K. road services provider Moto from the Universities Superannuation Scheme, one of Britain’s largest pension funds.
USS, which bought Moto this year, will partner with CVC and Moto’s management, the companies said in a statement Friday. The investment is the second by CVC’s Strategic Opportunities Platform, which focuses on long-term investments for large investors.