Latest news with #CVCCapitalPartners
Reuters
a day ago
- Business
- Reuters
Reinet Investments in talks to sell stake in UK insurer PIC
June 27 (Reuters) - Luxembourg-based investment vehicle Reinet Investments ( opens new tab said on Friday it was in talks for the potential disposal of its nearly 50% interest in UK insurer Pension Insurance Corporation (PIC). The firm did not provide details on the talks or who they were being held with. Sky News reported last week that European savings and retirement services group Athora was in talks to buy PIC in a deal that could value it at up to 5 billion pounds ($6.86 billion) Athora is backed by Apollo Global Management (APO.N), opens new tab. PIC is owned by a consortium of shareholders including private equity firm CVC Capital Partners. ($1 = 0.7289 pounds)
Sky News
3 days ago
- Business
- Sky News
Former EE chief Allera joins team at CVC sports empire
The former boss of mobile phone network EE is taking on a powerful new role at the heart of a sports portfolio which includes interests in Six Nations Rugby, Spanish top-flight football and the women's global tennis tour. Sky News has learnt that Marc Allera, who stepped down as the boss of BT Group's consumer business earlier this year, has been appointed chairman of CVC SportsCo, a new entity aimed at providing more cohesive support to the buyout firm CVC Capital Partners' investments across the sector. The establishment of the new operating and investment group concept comes as CVC, the Amsterdam-listed private equity group, continues to diversify its sporting asset base. Having made billions of dollars from its ownership of Formula One motor racing - one of the most lucrative deals in the history of sport - CVC has bought stakes in leagues and other assets spanning cricket, football, rugby union, tennis and volleyball over the last two decades. Its investment in the media rights to La Liga - Spain's equivalent of the Premier League - is expected to generate a handsome return for the firm, although a comparable deal in France has faced significant challenges amid broadcasters' financial challenges in the country. CVC's backing of global sports properties is intended to position it to maximise their commercial potential through new media and sponsorship rights deals, as well as their expansion into new formats aimed at drawing wider audiences amid rapid shifts in media consumption. In rugby union, its acquisition of a stake in Premiership Rugby's commercial rights was hit by the pandemic and the subsequent financial pressures on clubs which saw a number of the league's teams forced into insolvency. Sky News revealed earlier this year that CVC had extended further support to Newcastle Falcons as part of a broader financial package aimed at paving the way for the team's sale. Red Bull is reported to be the acquirer of Newcastle Falcons, with a deal expected imminently. CVC, which bought into Premiership Rugby in 2019, owns a 27% stake in the league. Under its stewardship, broadcast audiences and attendances have turned a corner, with total TV audiences up 40% this year - partly as a result of an increase in the number of games being shown. It recently agreed a more lucrative TV rights deal for the league. Sponsorship revenues are also said to have nearly doubled since CVC's initial investment, with fan interest among the crucial 18-34 age demographic rising by 30% during the last year. Its SportsCo strategy will see Mr Allera, who also chaired BT Sport, working across the CVC sports portfolio, with other executives expected to be recruited to assist the effort in due course. One source likened the initiative to the approach employed by the luxury goods conglomerate LVMH. They added that there would be parallels with the sharing of best practice used at US basketball's NBA through its TeamBusinessOperations (TeamBO) unit to unlock collective opportunities and drive further long-term growth projects. CVC's sporting assets will continue to remain autonomous and independent of one another, the source said. One expected benefit of the SportsCo approach would be the sourcing of new investment opportunities in future years, with another likely to mean CVC remaining a stakeholder in its existing portfolio for a longer duration. The firm was recently outbid in an auction of major tennis tournaments by Ari Emanuel, the Endeavor founder whose company was also the seller of the assets. Global sports properties have become one of the hottest growth areas for private capital in recent years, with firms such as Ares Management, Silver Lake Partners and Bridgepoint all investing substantial sums in teams, leagues and other assets across the industry. Mr Allera already has connections to CVC as chairman of JagEx, the mobile gaming business it bought last year, and as a broader adviser to the private equity firm.
Bloomberg
19-06-2025
- Business
- Bloomberg
CVC Capital Seeks $400 Million Loan for BAPE Dividend Payout
CVC Capital Partners Plc is in talks with banks for a $400 million loan to fund a payout to the shareholders of a clothing company, A Bathing Ape, which it co-owns, according to people familiar with the matter. The London-based private equity firm is reaching out to regional and international banks for the loan, which could carry a tenor of five years, the people said, who asked not to be identified discussing private matters. The borrowing's details could change as discussions are ongoing, the people added.
Yahoo
09-06-2025
- Business
- Yahoo
European Stocks That Might Be Trading Below Their Estimated Value
As the European markets experience a positive shift with major stock indexes rising on the back of slowed inflation and eased monetary policy by the European Central Bank, investors are increasingly eyeing opportunities that may be trading below their estimated value. In such an environment, identifying stocks that are potentially undervalued can provide investors with promising prospects to explore, especially when economic indicators suggest stability and growth in key regions. Name Current Price Fair Value (Est) Discount (Est) VIGO Photonics (WSE:VGO) PLN530.00 PLN1023.60 48.2% Trøndelag Sparebank (OB:TRSB) NOK113.90 NOK223.35 49% Sparebank 68° Nord (OB:SB68) NOK179.38 NOK357.63 49.8% Lectra (ENXTPA:LSS) €24.10 €46.69 48.4% doValue (BIT:DOV) €2.27 €4.46 49.1% DigiTouch (BIT:DGT) €1.865 €3.66 49% Airbus (ENXTPA:AIR) €165.34 €325.34 49.2% adidas (XTRA:ADS) €211.40 €415.23 49.1% Absolent Air Care Group (OM:ABSO) SEK211.00 SEK416.55 49.3% ABO Energy GmbH KGaA (XTRA:AB9) €37.70 €73.01 48.4% Click here to see the full list of 184 stocks from our Undervalued European Stocks Based On Cash Flows screener. Below we spotlight a couple of our favorites from our exclusive screener. Overview: CVC Capital Partners plc is a private equity and venture capital firm that focuses on middle market secondaries, infrastructure and credit, management buyouts, leveraged buyouts, growth equity, mature investments, recapitalizations, strip sales and spinouts with a market cap of €17.42 billion. Operations: The firm's revenue segments include €135.64 million from credit, €94.99 million from secondaries, €89.56 million from infrastructure, and €861.04 million from private equity. Estimated Discount To Fair Value: 28.9% CVC Capital Partners is trading at €16.39, significantly below its estimated fair value of €23.06, presenting a potential opportunity for investors focusing on undervalued stocks based on cash flows. Despite recent volatility and high debt levels, CVC's earnings are forecast to grow significantly at 31% annually over the next three years, outpacing the Dutch market's growth rate. Recent M&A interest in BASF SE's coatings business indicates active strategic positioning which could impact future cash flows positively. The growth report we've compiled suggests that CVC Capital Partners' future prospects could be on the up. Delve into the full analysis health report here for a deeper understanding of CVC Capital Partners. Overview: Comet Holding AG, with a market cap of CHF1.79 billion, offers X-ray and radio frequency power technology solutions across Europe, North America, Asia, and other international markets through its subsidiaries. Operations: The company's revenue is derived from its X-Ray Systems (CHF115.89 million), Industrial X-Ray Modules (CHF94.57 million), and Plasma Control Technologies (CHF247.39 million) segments. Estimated Discount To Fair Value: 36% Comet Holding AG, trading at CHF 231, is significantly undervalued with a fair value estimate of CHF 361.15. The company's earnings grew by 128.2% last year and are forecast to grow at an impressive rate of 37.3% annually, outpacing the Swiss market's growth rate. Recent sales results show a robust increase to CHF 111.2 million for Q1 2025, up from CHF 80.9 million in Q1/24, reinforcing its strong cash flow position despite recent board changes. Our growth report here indicates Comet Holding may be poised for an improving outlook. Dive into the specifics of Comet Holding here with our thorough financial health report. Overview: Rosenbauer International AG provides systems for preventive firefighting and disaster protection technology globally, with a market cap of €418.20 million. Operations: The company's revenue is primarily derived from Europe (€675.84 million), followed by the Americas (€362.28 million), Asia-Pacific (€150.11 million), and the Middle East & Africa (€125.11 million), with additional income from Preventive Fire Protection systems (€30.67 million). Estimated Discount To Fair Value: 25.9% Rosenbauer International AG is trading at €41, notably below its estimated fair value of €55.33, suggesting it is significantly undervalued based on cash flows. Recent earnings reports show a strong turnaround from a net loss to a net income of €26.96 million in 2024, with expected annual earnings growth of 22.9%, surpassing the Austrian market's rate. However, interest payments remain inadequately covered by earnings despite revenue growth projections outpacing the local market. Our expertly prepared growth report on Rosenbauer International implies its future financial outlook may be stronger than recent results. Get an in-depth perspective on Rosenbauer International's balance sheet by reading our health report here. Discover the full array of 184 Undervalued European Stocks Based On Cash Flows right here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ENXTAM:CVC SWX:COTN and WBAG:ROS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Post
31-05-2025
- Business
- Arabian Post
Tabreed and CVC Edge Closer to $1.1 Billion Cooling Deal
Arabian Post Staff -Dubai Engie-backed National Central Cooling Company, known as Tabreed, and private equity firm CVC Capital Partners have entered exclusive negotiations to acquire PAL Cooling Holding , the district cooling arm of Abu Dhabi's Multiply Group. The transaction is expected to value the business at approximately $1.1 billion, according to individuals familiar with the matter. The joint bid by Tabreed and CVC emerged as the leading offer among several contenders, including KKR, I Squared Capital, Investcorp, and Abu Dhabi National Energy Company . Discussions have now progressed to a bilateral phase between the preferred bidders and Multiply Group, a subsidiary of International Holding Company , chaired by Sheikh Tahnoon bin Zayed Al Nahyan. ADVERTISEMENT PAL Cooling Holding operates six district cooling plants in Abu Dhabi, with a combined installed capacity of approximately 139,800 refrigeration tonnes. The company maintains long-term service agreements with prominent real estate developers such as Aldar Properties and Reem Developers, providing chilled water for air conditioning to a range of commercial and residential properties across the emirate. District cooling systems, which distribute chilled water through insulated pipes to multiple buildings, offer a more energy-efficient and environmentally friendly alternative to traditional air conditioning. These systems are particularly prevalent in the Gulf region, where summer temperatures can exceed 50 degrees Celsius, making efficient cooling solutions essential for urban infrastructure. The potential acquisition aligns with Tabreed's strategic expansion plans. The company currently operates over 80 district cooling plants across the Middle East, delivering more than 1.2 million refrigeration tonnes of cooling capacity. Tabreed's portfolio includes high-profile projects such as the Burj Khalifa, Sheikh Zayed Grand Mosque, and the Dubai Metro. CVC Capital Partners, headquartered in Luxembourg, has been actively seeking investment opportunities in the Middle East, reflecting a broader trend among international private equity firms. The region's push to diversify economies away from oil dependency has made sectors like sustainable infrastructure increasingly attractive to foreign investors. Multiply Group, the seller in this transaction, is an investment holding company with interests spanning media, utilities, and technology. The divestment of its district cooling unit is part of a strategic realignment to focus on core business areas. The company had engaged Standard Chartered Bank to explore potential buyers for PCH earlier this year. Following reports of the exclusive talks, Tabreed's shares experienced a 4.3% increase, reaching 2.68 dirhams during midday trading on the Abu Dhabi Securities Exchange. This uptick reflects investor optimism regarding the company's growth prospects and the strategic value of the potential acquisition.
