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Advent partner Istvan Szoke to build CVC's CEE team

03/03/2008Source: AltAssets.  

Europe and Asia-focused buy-out house CVC Capital Partners has hired Istvan Szoke to build an investment team focusing on the firm's CEE activity.

Istvan Szoke joins CVC from Advent International, where he was a partner focusing on the firm's CEE investments. Prior to Advent, Szoke was a founding managing partner of Swiss asset management firm Eastern Heritage Capital. He has also held positions at Vontobel Asset Management and Bankers Trust, focusing on investing in CEE throughout his career.

Rob Lucas, managing partner, said, 'CVC has been seeing increasingly interesting investment opportunities across the CEE markets. We are delighted to welcome Istvan to CVC; he brings a wealth of experience to our team and with a combination of our financial resources and network, he will be well positioned to build our business across the region.'

CVC is currently raising its €11bn CVC European Equity Partners V fund.

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