UK private equity powerhouse
Hugh Briggs, who joined the firm in 2004, has been made a managing director of CVC’s international team, while Nick Clarry, a 2003 joinee, has been made a managing director of CVC UK.
CVC’s European offices have also not been immune from the promotion bug. Inaki Cobo has been made a managing director of the Spanish team after joining in 1998. He is joined by Jose Antonio Torre de Silva, who has also been made a managing director in Spain. He joined in 2000.
Gregor Hilverkus been promoted to a director of CVC Germany, and Pietro Masera has been promoted to a Director of CVC Italy. Alex Ossola has been promoted to a director in France, and Stefano Sostero has been made an investment director of CVC Italy.
Michael Smith, Chairman, CVC Capital Partners Group (“CVC”): “We are delighted to announce a number of promotions made within the firm, which were effective as of 1 January 2007. Each promotion recognises the significant contribution the individuals have made to CVC’s business and we congratulate all those promoted. “Founded in 1981 as Citicorp’s European private equity arm, in 1993 CVC completed its own management buy-out and is independently owned by its management. CVC Asia Pacific was formed in 1999 as a joint venture between CVC Capital Partners and Citigroup, focusing on largescale buy-outs in the region.
Since 1996, CVC has raised and managed funds exceeding €18bn and its fourth fund.