CVC Capital Partners, every mention
20 scenes · ← back to CVC Capital Partners
tap a year for its mentions
every year anyone David Rosenthal 16Ben Gilbert 4
Verbatim, from the transcripts: the passages where CVC Capital Partners comes up
Formula 1: Fast cars, celebrities, and B2B software (Audio) · Acquired
- ▶ 1:47:26 David Rosenthal With CVC Capital Partners, the large European private equity firm.
- ▶ 1:47:30 David Rosenthal The deal gets done with CVC.
- ▶ 1:47:45 Ben Gilbert He's hired by CVC to continue being Bernie.
- ▶ 1:47:51 David Rosenthal To use some of his proceeds to invest with CVC alongside them in the deal.
- ▶ 1:47:57 David Rosenthal All told CVC and Bernie for his portion spend about two billion dollars acquiring 100% ownership.
- ▶ 1:48:32 Ben Gilbert This is important to know the CVC slash Bernie buy-in to this new F-one entity is about nine hundred million of equity.
- ▶ 1:48:55 David Rosenthal So the first thing that he does after CVC cleans up the ownership is he kind of goes right back to his original bag of tricks, which is extracting more money from race promoters.
- ▶ 1:53:54 David Rosenthal Re-invigorated Bernie and CVC.
- ▶ 1:56:07 David Rosenthal So as they get into 2008, Bernie CVC and the FIA all team up and they float a solution, a lifeline to the teams.
- ▶ 1:57:38 David Rosenthal There's also all of this pent up badwill against Bernie, all these deals that have happened, CBC, the FIA, et cetera.
- ▶ 2:11:05 David Rosenthal So when Red Bull rolls up to the paddock the next year in 2005, which remember is the first year of CBC's ownership and the new Bernie regime.
- ▶ 2:39:58 David Rosenthal So, starting a few years after CVC and Bernie
- ▶ 2:40:08 David Rosenthal CVC starts reselling minority pieces of F-one to other asset managers out there, including BlackRock, um, the Norwegian sovereign wealth fund, Norges Bank at increasing valuations.
- ▶ 2:40:43 David Rosenthal But by 2016, CVC is now down to a 35% ownership stake.
- ▶ 2:41:28 Ben Gilbert At this point, it is a company that is owned by CVC.
- ▶ 2:43:10 David Rosenthal They initially acquire a like 18, 19% stake in F one from CVC.
- ▶ 2:43:44 David Rosenthal And then they issue flunk shares to the remaining equity holders, including CBC and Bernie, et cetera, such that.
- ▶ 4:25:07 Ben Gilbert To Greg Maffei, the former CEO of Liberty Media, when they, of course, bought Formula One from CBC.
Indian Premier League Cricket (Audio) · Acquired
- ▶ 2:53:45 David Rosenthal And in many respects, the current structure where we have Redbird or CVC, big institutional investors in the IPL, which we will get to in just a sec, that wouldn't have been possible without the new governance structures that were put in…
- ▶ 3:06:17 David Rosenthal The Gujarat Titans, which are acquired by the big British private equity firm CVC, for seven hundred and fifty million dollars.