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CVC sets up in US31/01/2007. Source: AltAssets. 
 European and Asian private equity player CVC Capital Partners has opened its first US office, basing their operations in New York City. Along with their expansion into North America, CVC has also announced that Christopher Stadler will be joining the firm as managing partner and head of the new US office.
Since 2001, Stadler was head of private equity, North America for Investcorp, after joining as a managing director in 1996. Prior to Investcorp, he was director of corporate finance for Credit Suisse First Boston.
'Establishing our business in the United States is a logical step as we make the final move in our geographic expansion. This addition to our network gives CVC a significant presence in the three largest economic regions around the world,' noted Michael Smith, chairman of CVC Capital Partners Group. 'We are delighted to have Chris joining our team. His reputation and experience will enable CVC to build its presence quickly and meaningfully in this important market.'
'I am excited to be joining CVC and to be a part of the firm's entry into the US market,' added Stadler. 'CVC's superb track record and extensive experience in Europe and Asia attracted me to the firm. I look forward to working with the existing investment team as well as those who will be joining our New York office.'
Rolly van Rappard, a co-founder of CVC Capital Partners Group, will work with Stadler in establishing CVC's US presence.
In 2006, CVC completed nine transactions in Europe and Asia, investing a total of $2.7bn. CVC's current funds total in excess of US$15bn.
Recent investments by the firm include: Flint Group, an ink manufacturer based in Europe and the US; Formula One Group, based in the UK, a motor racing business; Elster Group, headquartered in Essen, Germany, a manufacturer of utility meters used to measure the energy, gas, and water consumption of residential and industrial customers; and PBL Media, based in Australia, bringing together the Nine Network, the television network in Australia, and ACP, an Australian magazine company with 100 titles.
Their seventh fund, CVC European Equity Partners Tandem Fund, closed in January 2007 raising US$5.4bn. The firm operates a network of 17 offices in Amsterdam, Brussels, Copenhagen, Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris, Stockholm, Zurich, Hong Kong, Seoul, Sydney and Tokyo.
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