date:Sep 27, 2019
fund managed by CVC Capital Partners. The private equity and investment advisory firm manages approximately US$83 billion of assets in 73 companies worldwide, Hurrell says.
The sale to CVC Strategic Opportunities II is made up of a cash payment of NZ$537 million, payable on completion of the sale, plus an interest-accruing vendor loan of NZ$96 million, for a term of up to 15 years. Built into the deal is a potential additional payment of up to NZ$44 million based on DFEs performance over two ye