The investment fund CVC Capital Partners has announced that Todd Sisitsky, coming from the private equity firm Texas Pacific Group (TPG), and Peter Rutland, current chairman of CVC, will jointly assume the position of co-CEOs instead of the CEO Rob Lucas, whose departure is scheduled for the first quarter of...
The private equity manager Veritas Capital has announced the purchase of the British thermal processing services provider Bodycote for £1.64 billion (around €1.9 billion), following an intense bidding war between Veritas and the CVC fund for control of the company.According to the terms of the agreement, Veritas will pay 940...
The Italian multinational Coricelli has decided to increase its purchase offer for Deoleo to 500 million euros, positioning itself above the offers presented by the Spanish companies Dcoop and Acesur, and has requested to have exclusivity in the negotiations until the operation is closed.Specifically, the oil company of the Pietro...
The shares of Deoleo maintain a strong rise on the Stock Exchange after advancing around 20% in the mid-session, after it became known that the Andalusian cooperative Dcoop has put forward a proposal of 470 million euros for the group owner of Hojiblanca and Carbonell, for which other European companies...
The president of the Valencian Council of Culture (CVC), Jose Mª Lozano, reiterated this Friday before the president of Les Corts, Llanos Massó, that the statutory bodies of the Valencian Community have been "expired" for years and need "urgent renewal". However, he acknowledged that he sees it as "unlikely" that...
Naturgy has incorporated Enrico Letta as an independent director by co-optation, at the proposal of the Appointments and Remuneration Committee, within the process of reorganizing its governing body after CVC's withdrawal from its capital.The former Italian prime minister, a recognized expert in European integration and international governance, joins the board...
Naturgy shares were falling more than 4% at the opening this Wednesday after CVC has completely exited its capital, divesting the 13.8% it held for 3,821.4 million euros through a private placement of 11.08% and the liquidation of the remaining 2.72% through derivatives.In the early stages of the session, around...
CVC has closed the sale of its 13.8% stake in Naturgy for 3,821.4 million euros, combining a private placement of 11.08% of the capital with the settlement of another 2.72% it held through derivatives.According to a statement sent this Wednesday to the National Securities Market Commission (CNMV), Goldman Sachs Bank...
CVC has begun to unwind its position in Naturgy by bringing to market the 13.8% it controls in the energy company. It will do so through a private placement of 11.08% of the capital and the settlement of another 2.72% linked to derivatives, thus replicating the move by BlackRock/GIP, which...
A group of funds led by CVC Capital Partners and Groupe Bruxelles Lambert (GBL) has announced the launch of a voluntary cash tender offer for a total amount of 10.726 billion euros for Recordati, with the intention that the Italian pharmaceutical company will delist from Euronext Milan.The operation proposes a...