Completion of CVC DIF and Acquisition of Final Stake in CVC Secondary Partners

CVC is pleased to announce the closing of the acquisition of DIF Capital Partners¹ and the acquisition of the final 20% stake in Glendower Capital.

With immediate effect Glendower Capital is rebranded CVC Secondary Partners, while DIF Capital Partners is rebranded CVC DIF. The respective investment strategies, investment committees and fund names of the individual strategies remain unchanged.

Wim Blaasse, Managing Partner and Head of CVC DIF has announced he will transition to Chair effective on 1 July 2025, with Gijs Voskuyl, Managing Partner stepping up to become Head. Wim Blaasse will remain fully involved in helping drive the business over the next several years including chairing its investment committees. Gijs joined DIF in 2008 and, alongside Wim, has played an instrumental role in building the DIF platform over the past sixteen years.

With Secondary Partners and Infrastructure part of CVC, alongside our Private Equity and Credit strategies, we have an ever more scaled, diversified and differentiated platform to support further growth.

Commenting on the combination, Rob Lucas, CEO of CVC said: "We are delighted to have completed the transaction to acquire CVC DIF and to have fully acquired the final stake in CVC Secondary Partners. With Secondary Partners and Infrastructure part of CVC, alongside our Private Equity and Credit strategies, we have an ever more scaled, diversified and differentiated platform to support further growth."

Carlo Pirzio-Biroli, Managing Partner and Head of CVC Secondary Partners said: "We have been delighted with our partnership with CVC over the past few years; the brand, client base, and the strength of the CVC network has enabled us to take advantage of strong market tailwinds, and accelerate the growth of our business. We are excited by the opportunity over the next few years as the secondaries market continues to grow, and we believe the investment opportunities available will enable us to continue delivering attractive returns for our clients."

Wim Blaasse added: "We are excited to become part of CVC and we look forward to benefitting from CVC's global platform, scale and client relationships. I am delighted to be transitioning the leadership of CVC DIF to Gijs who is a very strong leader, and with whom I have worked closely over the past sixteen years."

Gijs Voskuyl said: "I am excited to be working with Wim and our wider partner group as we continue to build and invest in our business, and leverage CVC's global platform, scale and client relationships. We look forward to taking CVC DIF to the next phase of growth and to continue to deliver attractive returns for our clients."

In line with paragraphs 14.4.3 and 19.6.1 of the IPO prospectus, CVC has issued an incremental 37,448,444 shares in aggregate consideration for the acquisition of the initial 60% stake in DIF Capital Partners and the final 20% stake in Glendower Capital.

^{1 Acquisition of an initial 60% stake, with an additional 20% to be acquired shortly after 31 December 2026 and
the final 20% to be acquired shortly after 31 December 2028}