PrivAccess XV – Western Buyouts IX
Private Equity opportunity
Let’s introduce CVC
CVC is a global investment manager that has been investing in private assets for more than forty years. With nearly 800 employees in 24 countries across 5 continents, CVC has more than $137 billion in assets under management.
Thanks to its strong local presence, CVC uses a highly disciplined and rigorous investment style, fundamentally cautious and value-focused, with strong sector and geographical diversification.
CVC : Consistent returns across multiple cycles
CVC is fundamentally cautious and value focused. The CVC team has a repeatable approach to value creation, partnering with the best management teams to drive operational efficiency and optimize growth.
CVC has been successfully navigating economic cycles for the past 26 years and has consistently delivered attractive investment returns, achieving a 2.7x gross MOIC on its 150 fully exited investments, and a net multiple above 2.0x for all its mature funds*.
2.7x
gross multiple on realized
investments since 1996*
28%
Gross IRR on realized
Investments since 1996*
*Past performance is not an indicator of future performance
Private Equity remains a great opportunity
Diversification
Private Equity provides diversification in a portfolio, aiming for high returns to compensate for illiquidity and a long-term maturity. In addition it continues to outperform stock markets over the long term during different economic cycles.
Good Momentum
Periods of economic downturn are usually good entry points for Private Equity, particularly for funds focusing on the operational improvement of portfolio companies.
Attractive returns*
In this environment of volatility, inflation and rising interest rates, which accentuate performance disparities, it is essential to remain selective and invest with a top-performing and very experienced Private Equity firm.
*Past performance is not an indicator of future performance
Introducing BNP Paribas Wealth Management Private Equity Senior Management
Claire Roborel de Climens
Global Head of Private and Alternative Investments · BNP Paribas Wealth Management
Since joining BNP Paribas Wealth Management in 2004, Claire Roborel de Climens has set up the Private Equity Group. In 2010 she was also nominated Head of Real Estate. In 2015, she became Head of the Private and Alternative Investments department, adding the Hedge Funds, Strategic-A (asset allocation service), Philanthropy Advisory and AgriFrance activities to her scope of responsibility. Claire is a member of various advisory boards of Global and European Private Equity and Real Estate funds. She sits on the board of Global General Partner, the AIFM manager of PERE feeder funds, and on the Supervisory Board of BNP Paribas Real Estate investment Management France (REIM). Prior to joining BNP Paribas Wealth Management, Claire worked 10 years for PAI Partners, a leading pan-European Private Equity firm, as a manager in the Finance Department, Investor Relations activities and then as an investor in the General Industrials sector where she was involved in many LBO transactions. She started her career as an auditor at Ernst & Young where she worked for 6 years for large industrial groups and Private Equity funds. Claire Roborel de Climens is a graduate of the EMLyon business school.
To learn more about this opportunity
Contact your Relationship Manager
CVC DISCLAIMER:
Although PrivAccess XV – Western Buyouts IX (the “Feeder Fund”) is being established to invest in one or more limited partnerships constituting the fund known as CVC Capital Partners IX (the “Fund Vehicles”), the Feeder Fund is not an affiliate of any of the Fund Vehicles and will be advised solely by BNP PARIBAS SA or its affiliates.
None of the Fund Vehicles, CVC Capital Partners IX GP S.à r.l., CVC Europe Fund Management S.à r.l., CVC Capital Partners SICAV-FIS S.A., CVC Capital Partners Advisory Group Holding Foundation, CVC Management Holdings II Limited, CVC Credit Partners Group Holding Foundation, Glendower Capital (Holdings) Ltd, Glendower Capital (U.S.S) LLC, Glendower Capital, LLPs or their respective predecessors, or any of their respective direct and indirect subsidiaries, or any of their respective directors, officers, employees, partners, members, shareholders, advisers, agents or affiliates (together, the “CVC Parties”) has participated in the offering of interests in the Feeder Fund or endorsed or approved the Feeder Fund and none of them makes any recommendation with respect to the interests offered hereby nor has any responsibility for the organisation, operation or management of the Feeder Fund. Purchasers of interests offered hereby will not be limited partners in the Fund Vehicles or hold any instruments in respect of any Fund Vehicle, will have no direct voting rights in any Fund Vehicle, and, accordingly, will not have any rights thereunder and may not bring an action for any breach thereof against any CVC Party for any breach thereof. BNP PARIBAS SA and its affiliates do not have the power to legally bind any CVC Party. Likewise, no CVC Party will have the power to legally bind or commit the interests offered hereby and/or BNP PARIBAS SA and its affiliates.
Notwithstanding that recipients of the Feeder Documents (defined below) may receive a copy of the private placement memorandum of the Fund Vehicles dated January 2023, the “limited partnership agreement”, and certain other documentation related to the Fund Vehicles (the “Partnership Documents”), as each such document may be amended or supplemented from time to time, such recipients acknowledge and agree that none of the CVC Parties has participated in, or will participate in, or is or shall be responsible for, the contents of any of this confidential document, the governing agreement of the Feeder Fund, the subscription agreement(s) of the Feeder Fund, related agreements and instruments or any accompanying sales documentation, each as amended or supplemented (the “Feeder Documents”), and none of the CVC Parties shall have any liability to such recipients for any loss (howsoever characterised) that they suffer as a result of making a decision to subscribe for the interests in the [Feeder Fund] offered hereby. All information in the private placement memorandum of the Fund Vehicles is subject to the complete terms and conditions of the offering set forth in the partnership agreement, subscription agreement and other constituent documents of the Fund Vehicles. None of the CVC Parties has made any representation or warranty, express or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information contained herein or accompanying this confidential document, and each of the CVC Parties expressly disclaims responsibility or liability therefor. No CVC Party has any responsibility to update any of the information provided herein or accompanying this confidential document.
BNP Paribas SA (2023). All rights reserved.