21.09.2012 - CVC Australia boss quits as firm wrestles Nine debt
The head of CVC Capital Partners' Australian unit has resigned, as the company stares at losses of up to $1.8 billion from its Nine Entertainment buy, dealing a blow to the private equity firm's plans to bed down with the world's elite. Singapore sovereign wealth fund GIC and Kuwait Investment Authority (KIA) are among investors that have already taken a combined 10 percent stake in the firm, a move that sees them secure seal a better deal from their investments...............................................Full Article: Source
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