CVC, a global private markets manager focused on private equity, secondaries and credit, has acquired a majority stake in DIF Capital Partners. Financial terms were not disclosed.
Headquartered in Amsterdam, DIF has €16 billion ($17 billion) of assets under management, a team of more than 225 professionals across 11 offices and two different operating investment strategies. DIF has built a strong position in mid-market infrastructure investments, primarily in Europe, North America and Australia.
The tie-up with CVC will help accelerate growth, as DIF continues to deepen and widen both its investment capabilities, its geographic reach and its global investor base. The firm will continue to operate under its DIF brand and retain independence over its operations and investment decisions. CVC has committed to acquire the remaining shares in DIF in time.
The transaction creates a global private markets manager with seven complementary strategies and around €177 b