Simpson Thacher Advises CVC on Continuation Fund in Respect of Multiversity
Simpson Thacher advised CVC on the extension of its partnership with Multiversity, a leading Italian online higher education provider, through a transfer of the business from CVC Capital Partners VII (“Fund VII”) to a CVC managed continuation fund and CVC Capital Partners VIII. The transaction was oversubscribed and includes commitments from Fund VII investors, alongside a significant new equity contribution from a leading secondary investor.
The Simpson Thacher team included partners Gareth Earl, Ed Ford and Sacha Gofton-Salmond (Private Funds).