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Hi Extrader,
My response was merely a challenge to this: "Pretty sure it's not CVC, wrong nationality, wrong decade"
In a nutshell though: We dont know. But we will find out.
Hi IraMil7,
(1) CVC takes equity stakes in mature businesses, none of them AFAICS banks, 2 points that argue against.
(2) What is their likely tie-in with Ceresio, mentioned in Weathergeek's post ?
(3) We'll supposedly find out soon enough, what difference does it make at this stage ?
ATB
@Ex,
These are the investment funds..
Fund Year Region Value in Millions.
CVC European Equity Partners I 1996 Europe $840
CVC European Equity Partners II 1998 Europe $3,333
CVC Asia Fund I 2000 Asia $750
CVC European Equity Partners III[5] 2001 Europe $3,971
CVC European Equity Partners IV[16] 2005 Europe €6,000
CVC Capital Partners Asia Pacific II 2005 Asia $1,975
CVC European Equity Partners Tandem Fund 2007 Europe €4,123
CVC European Equity Partners V 2008 Europe €10,750
CVC Capital Partners Asia Pacific III 2008 Asia $4,120
CVC Capital Partners Asia Pacific IV 2014 Asia $3,495
CVC European Equity Partners VI 2014 Global €10,907
CVC Growth Partners 2015 US & Europe $1,000
CVC European Equity Partners VII 2017 Global $18,000
CVC Growth Partners II[17] 2019 US & Europe $1,600
CVC European Equity Partners VIII [18] 2020 US & Europe €21,300
Extrader, could you please point out where the nationality has been mentioned, which would give an indication to what the "nationality" of the global investment fund is?
As to the rest:
CVC Capital Partners logo.svg
Type Private
Industry Private equity
Founded 1981 (!!!); 39 years ago
Headquarters Luxembourg - any problem with that?
Key people Steve Koltes, Donald Mackenzie, Rolly van Rappard
Products Private equity, venture capital, credit asset management
Services
Investment Banking & Brokerage
Diversified Financial Services (!!!)
Total assets US$75 billion (!!!)
But, how does AZ bet for sp above 0.86p fit in this? Given the fact that 20 Dec is not far away.
Hi Weathergeek,
Yes, it's just a guess.
Pretty sure it's not CVC, wrong nationality, wrong decade, wrong activity (buyout/asset-strip, rather than fund management).
ATB
Is that just a guess @Ex.
Seen this link floating from @Jarv, Care to give more thoughts Jarv.
https://en.wikipedia.org/wiki/CVC_Capital_Partners
We know the Ceresio companies are heavily involved in SYME
How much of new news & todays RNS is already priced into current SP
Hi all,
Interesting RNS.
Not much to go on re identity :.."The Investor is a leading global alternative investment fund manager, founded in the 1980s, with a globally diversified investment portfolio valued at more than $70 billion..."
Try this one for size : 168 Mediolanum Group Italy 74,080 75,717
from https://www.ipe.com/Uploads/j/e/b/Top-400-Asset-Managers-2019.pdf
And start date : "The Mediolanum Group
When Ennio Doris started the Mediolanum Group in 1982, he was launching an innovative project ..." from https://www.mediolanum.com/ENG/12236.html
Banca Mediolanum S.p.A. is an Italian bank, insurance and asset management conglomerate which is the parent company of Gruppo Mediolanum (Mediolanum Group), per wiki.
Main shareholders appear to be "... Doris family and Fininvest. They formed a shareholders' pact for 51% stake. However, the voting rights of Fininvest was in fact suspended as Italian court ruled that Silvio Berlusconi could not own more than 10% stake of any financial institute..." , per wiki.
The story being : .."Fininvest's voting rights on Mediolanum S.p.A. was capped at 9.9999% by Italian Insurance Supervisory Authority despite owning about 36% share capital of the financial conglomerate;[6] the company reverse merger with subsidiary Banca Mediolanum in 2015. Fininvest had a shareholders' pact with Ennio Doris (the pact only bind to 25.5% share each, excess amount of share was not bind),[7] the largest shareholder of Banca Mediolanum, making the pact had an absolute majority in the bank for 51% share capital..."
The reason for the 10% cap ('allegedly') being : "The Berlusconi family does not control the company directly. Instead, its shares are owned by 38 separate companies, all named 'Holding Italiana' followed by a number (1-38), most of which are in turn controlled by Berlusconi. These 'Holding Italiane' have repeatedly come under investigation by the police for various financial and accounting irregularities, slush funds and money-laundering. All of them were created at the end of the 1970s by covert associates of Berlusconi's and received significant investments (several hundreds of millions of euros at today's value) from still unknown sources. Some of their liquidity was even deposited in cash. Much of the documentation of that time relative to the early financial and banking operations of these companies has been lost, in one case in a fire...
A report on those matters was commissioned by the general Dipartimento Investigativo Anti-Mafia (Bureau of Anti-Mafia Investigation) of Palermo in the 1990s from a finance expert working at the Bank of Italy, Francesco Giuffrida, to supplement the evidence in a tentative case against Berlusconi and associates for their alleged involvement with the Sicilian Mafia. In 1998 the case was temporarily shelved because of lack of sufficient evidence to go to trial..."
See https://en.wikipedia.org/wiki/Fininvest
IMO
HTH and ATB