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Sovereign Wealth Funds Briefing - Categorized | Investment

CVC said to sell 10pct stake to three sovereign-wealth funds

Posted on 19 September 2012

CVC Capital Partners Ltd. agreed to sell a 10 percent stake in itself to three sovereign-wealth funds to finance investments and expand its infrastructure and credit units, two people with knowledge of the move said.
The private equity firm briefed investors on the move at its annual meeting in London last week, said the people, who asked not to be identified because the discussions are private. One of the buyers is based in the Middle East and the other two in Asia, one of the people said. CVC didn’t provide a valuation, the people said………………………………………..Full Article: Source


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