CVC Capital Partners has settled a gender-discrimination lawsuit brought by a former managing director who claimed the private equity firm unfairly favoured male employees and subjected women to a sexually charged work environment.

A statement on CVC's website said the terms of the settlement are confidential, but included no admission of wrongdoing by the firm. The plaintiff, Lisa Lee, will serve as a consultant to CVC over the coming months "regarding matters of diversity and inclusion, including improving opportunities for women," according to the statement.