In February 2013, CVC Funds closed the €1.13 billion acquisition of Cerved, Italy's leading provider of business credit information. Cerved, whose history goes back to 1974, was created through the successful integration of 7 companies during 2008‐11.
Cerved provides credit and business information to over 30,000 clients, including 90% of Italian banks and over 80% of Italy's top 1,000 companies. Cerved has the most comprehensive database of corporate information in Italy, including corporate and financial details, payment history, customer and supplier relationships, and proprietary information sourced through its own network of interviewers. Following the CVC acquisition, the existing Cerved management team, led by Chief Executive Officer Gianandrea De Bernardis, continues to manage the company. Cerved is headquartered in Milan and employs over 1,000 people.