Private equity firm CVC has said it is cautious about the outlook for selling portfolio companies after one of the worst recent starts to the year for global dealmaking.
In its first full-year results since it listed in Amsterdam last year, the group said it had made €13.1bn from exiting investments in 2024, more than double the total for the year before, but that figure was driven by strong activity in the first half.
It beat analyst expectations for total fee-paying assets under management, ending the year with €147.3bn of assets and management-fee related earnings of €1.33bn.
Performance-fee related earnings also beat expectations at €182mn.
