Private Equity

CVC inks second deal from longer life fund

The strategic opportunities fund will hold companies for longer and target lower returns than a traditional private equity fund

CVC inks second deal from longer life fund
Photo: iStock

London-based buyout firm CVC Capital Partners has acquired a 40% stake in motorway services company Moto – its second deal from its longer life fund in just a few days.

CVC has bought the stake from UK investor Universities Superannuation Scheme in a deal that valued Moto at more than £1 billion, according to a person familiar with the matter.

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