CVC co-founders and Six Nations backers have combined €2.6bn fortune, IPO prospectus shows

The trio co-founded CVC when they spun it out of Citigroup in 1993, and have built it into one of the largest private equity groups in Europe. It manages more than €180bn of assets, including a stake in the Six Nations.

HERE COMES THE MONEY: Three co-founders of CVC Capital Partners, the private equity firm that bought up and then sold Formula One, have built up a combined €2.6bn (£2.2bn) fortune. Photo by Harry Murphy/Sportsfile

Three co-founders of CVC Capital Partners, the private equity firm that bought up and then sold Formula One, have built up a combined €2.6bn (£2.2bn) fortune, according to the company’s prospectus published in the run-up to its stock market float.

Donald Mackenzie, 66, holds 7% of CVC’s shares that would be worth just over €1bn if the company achieves its €15-per-share price target when it lists its shares on the Amsterdam stock market on Friday. He is planning to sell shares worth up to €150m in the initial public offering (IPO), the company said in the prospectus.