Key Takeaways
- • CVC Capital Partners is opening a new office in South Gyle, Edinburgh, which will initially employ 20 people, according to the primary source report.
- • The Edinburgh base is part of CVC's expansion across its network of 31 offices on six continents, built over 40 years.
- • CVC reports approximately €205 billion in assets under management, with its private equity funds invested in more than 150 portfolio companies generating combined annual sales above €240bn and employing over 660,000 staff.
- • Chief operating officer Ken Young cited Edinburgh's financial heritage and talent pool, and said the firm sees potential to grow the team.
- • Closing of the office is subject to regulatory approvals.
Summary
CVC Capital Partners, the global private markets manager, is establishing a base in Edinburgh, a move the report says will strengthen the city's asset management sector. The new office in South Gyle will be home to 20 employees as the firm builds its presence in the city and draws on Scotland's pool of financial and professional talent. The firm characterises the move as an important step in the group's global business operations.
Chief operating officer Ken Young pointed to the city's history as one of the world's first global financial centres and as a birthplace of the modern asset management industry. He noted a strong Scottish cohort within CVC's leadership, saying the firm was "particularly proud to be putting down roots here." Young described the initial team as small but said the firm sees real potential to grow its Edinburgh presence.
The expansion comes against the backdrop of CVC's network of 31 offices across six continents, built over four decades. The firm reports approximately €205 billion in assets under management. Funds managed or advised by its private equity strategy are invested in more than 150 companies worldwide, which have combined annual sales of over €240bn and employ more than 660,000 staff. Completion of the Edinburgh office is subject to regulatory approvals.
Chief operating officer Ken Young pointed to the city's history as one of the world's first global financial centres and as a birthplace of the modern asset management industry. He noted a strong Scottish cohort within CVC's leadership, saying the firm was "particularly proud to be putting down roots here." Young described the initial team as small but said the firm sees real potential to grow its Edinburgh presence.
The expansion comes against the backdrop of CVC's network of 31 offices across six continents, built over four decades. The firm reports approximately €205 billion in assets under management. Funds managed or advised by its private equity strategy are invested in more than 150 companies worldwide, which have combined annual sales of over €240bn and employ more than 660,000 staff. Completion of the Edinburgh office is subject to regulatory approvals.
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