Deals
CVC to Buy €16 Billion Manager DIF in Infrastructure Push
- European private equity firm seeks to diversify ahead of IPO
- Infrastructure emerges as hot area for deals as buyouts slump
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CVC Capital Partners is expanding in infrastructure, one of the most active areas of dealmaking, with a deal for DIF Capital Partners that will diversify its business ahead of a potential listing.
The European private equity firm has agreed to buy a majority stake in DIF, according to a statement Tuesday, which confirmed an earlier Bloomberg News report. CVC is paying around €1 billion ($1.1 billion) in cash and stock for the business, a person with knowledge of the matter said.