21.09.2012 - Private equity giant CVC sells stake to KIA, GIC
UK-based private equity firm CVC Capital Partners has sold a 10% stake of the firm to a group of powerful, private investors, including the Kuwait Investment Authority (KIA), the Government Investment Corporation of Singapore (GIC), and an unnamed Asian fund. CVC Capital -- which manages capital on behalf of around 300 institutional, governmental and private investors worldwide -- was formerly the private-equity business for Citicorp, now Citigroup Inc. It bought about 63% of Formula One in 2005 and 2006...............................................Full Article: Source
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