CVC completes Acquisition of DIF and Glendower

Jul 5, 2024 | News | 0 comments

CVC has completed the acquisition of DIF Capital Partners and the acquisition of the final 20% stake in Glendower Capital, with the latter having been rebranded with immediate effect as CVC Secondary Partners, and the former as CVC DIF.

The respective investment strategies, investment committees and fund names of the individual strategies remain unchanged.

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Wim Blaasse, Managing Partner and Head of CVC DIF has announced he will transition to Chair effective 1 July 2025, with Gijs Voskuyl, Managing Partner stepping up to become Head. Wim Blaasse will remain involved in the business over the next several years, including chairing its investment committees. Voskuyl joined DIF in 2008 and, alongside Wim, has helped build the DIF platform over the past sixteen years.

In line with paragraphs 14.4.3 and 19.6.1 of the IPO prospectus, CVC has issued an incremental 37,448,444 shares in aggregate consideration for the acquisition of the initial 60% stake in DIF Capital Partners and the final 20% stake in Glendower Capital.

 

Source: Private Equity Wire

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