Key Takeaways
- • CVC Capital Partners is establishing a new office in Edinburgh's South Gyle, initially staffed with 20 employees, according to Scottish Financial News.
- • The move is positioned as an important step in the group's global business operations and a boost to Edinburgh's asset management sector.
- • CVC cites Edinburgh's deep pool of financial and professional talent and its history as a global financial centre and birthplace of the modern asset management industry.
- • CVC operates 31 offices across six continents and manages approximately €239bn in assets under management.
- • Funds managed or advised by CVC's private equity strategy are invested in more than 150 companies with combined annual sales above €240bn and over 660,000 employees.
Summary
Private equity group CVC Capital Partners is establishing a base in Edinburgh, a move that adds to the Scottish capital's asset management sector. Scottish Financial News, which reported the story alongside its sister publication Daily Business, said the new office will be located in South Gyle and will initially employ 20 people as the firm builds its presence in the city.
The firm described the office as an important step in the group's global business operations. Ken Young, CVC's chief operating officer, said the company was drawn to the city's talent base, citing Edinburgh's history as one of the world's first global financial centres and its role as a birthplace of the modern asset management industry. He added that CVC has always had a strong Scottish cohort within its leadership, making the firm proud to put down roots in the city. Young described the launch as a small starting team with real potential for growth.
CVC has built a network of 31 offices across six continents over more than 40 years, which the firm describes as one of the most geographically diverse and long-established footprints among private markets firms worldwide. The group reports approximately €239bn in assets under management. Funds managed or advised by its private equity strategy are invested in more than 150 companies globally, which together generate combined annual sales of over €240bn and employ more than 660,000 staff.
The firm described the office as an important step in the group's global business operations. Ken Young, CVC's chief operating officer, said the company was drawn to the city's talent base, citing Edinburgh's history as one of the world's first global financial centres and its role as a birthplace of the modern asset management industry. He added that CVC has always had a strong Scottish cohort within its leadership, making the firm proud to put down roots in the city. Young described the launch as a small starting team with real potential for growth.
CVC has built a network of 31 offices across six continents over more than 40 years, which the firm describes as one of the most geographically diverse and long-established footprints among private markets firms worldwide. The group reports approximately €239bn in assets under management. Funds managed or advised by its private equity strategy are invested in more than 150 companies globally, which together generate combined annual sales of over €240bn and employ more than 660,000 staff.
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