FT News Briefing Private equity giant CVC bets on going public
Oct 19, 2022
Netflix rebounds with 2.4 million new subscribers, surprising investors. Meanwhile, Russia employs Iranian drones in its ongoing conflict with Ukraine, raising tensions. CVC Capital Partners is gearing up for a public listing, marking a bold shift from its traditionally private roots. This transition sparks discussions on accountability for performance in private equity. The political landscape complicates matters further, particularly with U.S. export controls impacting the chip manufacturing sector.
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CVC's Unique Pay Structure
- CVC differs from its competitors (Blackstone, KKR) in its unique compensation structure.
- CVC dealmakers' pay is tied to individual deal performance, creating a high-stakes environment.
CVC Going Public
- CVC Capital Partners, a secretive private equity firm, is preparing to go public.
- This move signifies a potential shift in the industry, as CVC manages substantial assets, including La Liga and Formula One.
Investigating CVC
- Kay Wiggins investigated CVC, a firm known for its secrecy.
- CVC even hired lawyers to prevent the FT from publishing details about them.