CVC sells stake in TMF Group to itself
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.
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