CVC Catch-up

CVC is the latest European buyout group to open an office in the US, following in the footsteps of Apax and Permira. That may seem an odd place to expand, since the US is hardly virgin territory for private equity, compared to, say, Asia. But CVC’s move is not driven so much by US investment opportunities as the need to keep abreast of industry trends. Private equity is becoming increasingly concentrated around a handful of big players - and those players are global. The ten biggest buyout fund...