CVC Capital Partners interested in acquiring Mercator
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The name of this fund has been mentioned in relation to the purchase of Mercator for almost a whole decade. The fund has a portfolio worth USD 71 billion, which includes nearly 50 big companies from throughout the world.
CVC says that they are not a conventional hedge fund, but that they act as long-term property managers – their investors must tie their capital for at least ten years. The profit is paid out only after the investments are sold.
Mercator had losses of EUR 9.77 million in 2016, and its sales revenues amounted to around EUR 2.5 billion. Lower revenues were a consequence of the sale of Mediana and Intersport, that is, of divestment and selling companies outside the scope of its core activities.
Companies:
Poslovni sistem Mercator d.d. Ljubljana
CVC Capital Partners Limited
Fortenova grupa d.d.
Tags:
Mercator
CVC Capital Partners
Agrokor
hedge fund
Mercator profit
Mercator loss
Mercator revenues
Mediana
Intersport
Mercator operations
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