CVC Co-Founder Donald Mackenzie to step back

13 February 2024 - CVC has announced today that Donald Mackenzie, Co-Founder and Co-Chair of CVC has decided to step back from an active role with CVC to focus on his private interests. He will become Honorary Co-Chair with Steve Koltes and will remain on CVC’s Board of Directors in a non-executive capacity.

Donald Mackenzie commented: “When we founded CVC in the early 90s it was our ambition to create a multi-generational business that would continue to flourish long after the founders had gone. I believe we have achieved that. The business is in very good shape and in good hands.

“To create a successful business like CVC you need many ingredients, but above all you need great colleagues, good partners and strong friendships; I have been very lucky to have had all of these and I thank them for their contribution, this has been a team effort.”

Rolly van Rappard, Co-Founder and Non-Executive Chair of CVC, added: "I have been working in partnership with Donald since the very early days of CVC. On a personal level he is a close friend and confidant, and on a professional level he is a charismatic deal leader, with investment judgement that is second to none – a true pioneer for CVC and the private equity industry. His talent, commitment and strategic foresight have helped make CVC what it is today.”