CVC Capital Partners today announces that three leading institutional investors have together invested US$1.6 billion in cash for equity interests in Formula 1, acquiring in aggregate 21% of the company.
Mr. Donald Mackenzie, Managing Partner of CVC Capital Partners, said:
"This is great news for Formula 1 and an important step in its development. CVC became the controlling shareholder of Formula 1 in 2006. Since that date we have supported the company and its management as they have grown the company with great success. The addition of these three highly regarded investors to our share register is validation of this success, and we look forward to working with our new partners over the coming years."
CVC will continue to be Formula 1's largest and controlling shareholder.
For further information, please contact:
James Olley, Brunswick +44 20 7396 5302
CVC Capital Partners
CVC Capital Partners (‘CVC') is one of the world's leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 20 offices and some 260 employees throughout Europe, US and Asia.
Currently, CVC manages funds on behalf of over 300 investors from North America, Europe, Asia and the Middle East, who entrust their capital to CVC for periods of 10 years or more. Raised from pension funds, financial institutions and various other partners, CVC Funds seek to identify attractive investments and develop sustainable, long-term value in close partnership with management teams. To date, CVC has raised over US$44 billion from a diverse and loyal investor base, completing over 290 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of US$169 billion. In total, we manage over US$37 billion and today, CVC funds own 61 companies worldwide, employing around 400,000 people in numerous countries. Together these companies have combined annual sales of over US$136 billion.
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