CVC Capital Partners, a Luxembourg-based buyout firm, has followed other European rivals into the US, after it opened an office in New York and hired a well-regarded private equity veteran to run the business.

CVC, which was spun out more than 20 years ago as the European buyout arm from part of the financial services group that is now Citigroup, had previously said it would open a total of 17 offices across Europe and Asia.