CVC matches Apax with EUR11bn fund; launches infrastructure business

It is reported that CVC Capital Partners is in the preliminary stages of raising a EUR11bn buyout fund. The news comes as Apax Partners is expected to announce the final close of its latest buyout fund on EUR11bn.

Meanwhile, CVC has also announced the launch of a new infrastructure investment business, with Stephen Vineberg appointed as chief executive. Vineberg joins the company following a period as global head of infrastructure investment at Colonial First State Global Asset Management, the investment management subsidiary of the Commonwealth Bank of Australia. In his former role he was responsible for a global portfolio which in Europe included investments in the Inexus Group, Anglican Water Group and the recent acquisition of the Norweb electricity distribution business.

The new venture is due to launch a EUR2bn fund early this year, which will invest primarily in Europe, but also in Asia and the US.

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• Topics
• Buyout
• Nordics