CVC co-founder takes a step back

A managing partner and co-founder of private equity firm is taking a step back from his responsibilities for the German-speaking region, paving the way for succession at the firm

A managing partner and co-founder of CVC Capital Partners is taking a step back from his responsibilities for the German-speaking region, paving the way for succession at the firm.

Steve Koltes - who has been building and leading CVC's German business for more than 20 years while also contributing to the firm's international expansion - will dedicate more of his time to his international responsibilities, which include his membership the firm's management committee, according to the firm.

WSJ Logo
The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.