CVC Capital Partners has added John Clark to the firm as a new Managing Partner based in New York. Mr. Clark will focus on middle-market, growth-oriented private equity investments in the technology, software and technology-enabled business services sectors.
“I am delighted to have the opportunity to join such a world-class organization and one of the most successful platforms in the private equity industry today,” said Mr. Clark.
Mr. Clark comes to the firm from Welsh, Carson, Anderson & Stowe where he was a General Partner, a Member of the Management Committee and a Director of Paycom Software, Peak 10, NEWAsurion, Savvis, Lytx and other companies.
“CVC’s greatest asset is the strength and depth of our investment professionals around the world. John will be a great addition to this team,” said CVC Managing Partner Chris Stadler.
CVC invests in a range of industries with a specific interest in industrial and service businesses. To date, CVC has raised over $56 billion in capital completing over 300 investments with an aggregate transaction value of $172 billion. The firm, founded in 1981, is based in London and has a network of 20 offices and 250 employees throughout Europe, Asia and the United States (www.cvc.com).
“Our recent investments in AVAST and Cerved in Europe and SPi Global in Asia highlight our strong interest in the software and tech-enabled business services sectors. We are very fortunate to be able to attract an investor of John’s caliber and I look forward to working with him to expand our presence in these sectors especially in the middle-market,” said CVC Partner and Head of TMT (Technology, Media & Telecommunications) Lorne Somerville.
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-7-14