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European buy-out firm CVC promotes seven to equity partner15/12/2003. Source: AltAssets. 
 Pan-European buy-out firm CVC has announced the promotion of seven of its senior directors to equity partner. Their elevation doubles the number of equity partners at the firm and represents a significant broadening of its senior management team.
Michael Smith, chairman of CVC Capital Partners, said: This is evidence of CVC’s talent pool across Europe. Their promotion is a natural progression for the firm and should ensure our business continues to deliver top quartile returns for investors.’
CVC has been involved in some of Europe’s largest buy-out deals this year, including the public-to-private acquisition of Debenhams for $3.4 bn and the SEAT Pagine Gialle purchase from Telecom Italia. It closed its most recent fund on $4bn in 2001.
The new promotions are Nick Archer, Marc Broughton, Jonathan Feuer, Philippe Gleize, Mark Grizzelle, Luigi Lanari, and Rob Lucas.
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