Advanced Search

v2.0

CVC sells stake in TMF Group to itself

by Krystal Scanlon 25 July 2022

CVC Capital Partners has sold its stake in TMF Group to another fund owned by the firm, TMF Group confirmed to The Drawdown.

According to the Financial Times, CVC sold its stake in TMF Group to its strategic opportunities fund, “following market turmoil, which made a listing or external sale more difficult.”

CVC established its strategic opportunities strategy in 2014 to “invest in high-quality businesses that may not suit a traditional private equity mandate,” stated the firm’s website.

Categories: NewsOutsourcingFund administration

TAGS:

27 March 2024

Whatever happened to ESG-linked loans?

As tools for ESG transformation they seem to have been abandoned but they still have their place

28 March 2024

Treble Peak and Logiver team up

Partnership to facilitate access to PE funds for wealth management firm

27 March 2024

FundGuard closes on $100m in Series C

Fresh funds to support product innovation and continued onboarding of new and existing customers

26 March 2024

GPs express concerns over data management and coordination of third-party portfolio monitoring tools

Latest report from Acuity Knowledge Partners reveals issues with data management and extraction

26 March 2024

Citco launches document management platform

Offering to combine company’s AI with fund reporting expertise to extract structured data from fund documents

25 March 2024

Macfarlanes promotes six

The round of partner promotions includes that of corporate tax lawyer Joe Robinson