C

CVC Capital Partners PLC
AEX:CVC

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CVC Capital Partners PLC
AEX:CVC
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Price: 10.9 -1.09%
Market Cap: 11.6B

CVC Capital Partners PLC
Investor Relations

CVC Capital Partners PLC stands as a stalwart in the realm of private equity and investment advisory, weaving a narrative of strategic prowess and financial acumen. Founded in 1981 as the European offshoot of Citicorp Venture Capital, CVC has burgeoned into one of the world's leading private equity firms. With an extensive network of more than 25 offices across Europe, Asia, and the Americas, the firm employs a meticulous approach to investment, delving deep into diverse sectors ranging from consumer goods to healthcare, technology, and more. CVC's core strategy revolves around acquiring controlling stakes in mature companies with a robust potential for growth, sometimes giving them the means not only for enhancing operational efficiencies but also for navigating complex global markets.

The modus operandi of CVC involves raising capital from a wide array of investors, including pension funds, sovereign wealth funds, and high-net-worth individuals, to form pools of capital known as funds. These funds are meticulously deployed into selected companies with the aim of driving value through active management and strategic oversight. The firm earns its keep through a blend of management fees on the capital within its funds and a substantial portion of the profits realized from exiting these investments — often via sales to other companies, secondary buyouts, or public offerings. By leveraging its deep industry expertise and a keen eye for transformative trends, CVC continues to craft investment stories that align with growth trajectories, creating substantial returns for its partners and stakeholders.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 4, 2025
AI Summary
Q2 2025

Fee-Paying AUM Growth: Fee-Paying AUM grew 10% year-on-year to EUR 140 billion, driven by strong fundraising, platform expansion, and the DIF infrastructure acquisition.

Revenue & EBITDA: Both revenue and EBITDA increased by 14% over the last 12 months, with EBITDA reaching EUR 493 million in H1 '25.

Management Fees: Management fee income rose 20% to EUR 397 million, supported by new fund activations.

Dividends: An interim dividend of EUR 250 million will be paid in October, bringing total LTM shareholder distributions to EUR 475 million.

Fund Performance: Realizations hit a record EUR 13.2 billion (up 20%), with strong private equity returns at a 3.3x money multiple and 27% IRR.

Private Credit & Secondaries: Credit, secondaries, and infrastructure now make up about 50% of Fee-Paying AUM, with credit AUM nearly doubling in recent years.

Guidance: Performance fee-related earnings for 2025 are expected to materially exceed 2024, with H2 weighted.

Cost Discipline: Operating expenses are growing in line with the first half, but management fee earnings margin remains strong (56%).

Key Financials
Fee-Paying AUM
EUR 140 billion
EBITDA
EUR 493 million
Management Fee Income
EUR 397 million
Management Fee Earnings Margin
56%
Performance Fee-Related Earnings (PRE)
EUR 96 million (H1)
Profit After Tax
EUR 396 million
Interim Dividend
EUR 250 million
LTM Shareholder Distributions
EUR 475 million
Private Equity Realizations
EUR 13.2 billion
Average Realized Returns (PE)
3.3x gross multiple of money, 27% gross IRR
Private Equity LTM EBITDA Growth
10%
Value Creation (PE & Infra Portfolio)
7% (9% pre-FX)
Deployment
EUR 24.9 billion (last 12 months)
Credit Deployment
EUR 10.3 billion (last 12 months)
Private Equity Deployment
EUR 10.7 billion (last 12 months)
Gross Inflows (AUM)
EUR 20 billion (last 12 months), EUR 9 billion (H1)
Credit Fee-Paying AUM
EUR 43 billion
European Direct Lending Fund IV (Credit)
over EUR 10 billion of investable capital
CLO Equity IV Capital Raise
exceeded $750 million target
Private Wealth Evergreen Vehicles
over EUR 2.5 billion (as of Sep 1)
Secondaries Fund VI
around $6.5 billion raised
Embedded Carry Potential
EUR 3.9 billion to EUR 7.5 billion
Headcount Increase
up 10% year-on-year
Earnings Call Recording
Other Earnings Calls
2025

Management

Mr. Rolly Van Rappard
Co-Founder, Co-Chairman and Managing Partner & Co-Head of Global Investments
No Bio Available
Mr. Donald MacKenzie
Co-Founder, Co-Chairman, Managing Partner & Co-Head of Global Investments
No Bio Available
Mr. Steven Koltes
Co-Founder & Co-Chairman
No Bio Available
Mr. John Empson
Managing Partner, Co-Chair & Co-Head of Private Credit at CVC Credit
No Bio Available
Mr. Robert R. Lucas
Managing Partner, Head of UK Investments & CEO
No Bio Available
Mr. Frederick Inglis Watt
CFO & Managing Partner
No Bio Available
Mr. Kenneth John MacDonald Young
Managing Partner, COO & Director
No Bio Available
Mr. Steve Greenwood CPA
Director of Group Accounting
No Bio Available
Mr. Matthew Green
CTO & Global Head of IT
No Bio Available
Ms. Carmen Andre
Director of Corporate Administration
No Bio Available

Contacts

Address
Saint Helier
Level 1, IFC 1, Esplanade
Contacts
+4401534609010
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