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← CockpitCompetitor Analysis › CVC.AS CVC Capital Partners plcOpen in the cockpit ↗

CVC Capital Partners plcCVC.ASCompetitor analysis, valuation and peers

Netherlands · EUR·Financials›Investment Managers

Global private equity firm managing buyout, credit, secondaries and infrastructure funds, listed in Amsterdam.

≈ A European Blackstone/KKRMomentum strong 73
Mkt cap
$16.9B
US dollars, full cap
Free float
61%
of shares outstanding
$/day
$16.2M
20-day average traded
Fwd P/E
18.1×
forward earnings
ROIC−WACC
n/a
WACC 7.2%
Hurdle
n/a
no reverse DCF
Next earnings
123 days
9 Mar 2027
Close · EUR€14.46
1D-0.5%
1W+7.8%
1M+22.1%
3M-6.3%
6M+9.8%
YTD+1.1%
1Y+1.1%
ATR %2.8%
52w lowhigh10.7% off high

What CVC Capital Partners does

Global private equity firm managing buyout, credit, secondaries and infrastructure funds, listed in Amsterdam.

Investors commit money to funds for years and CVC charges them annual management fees on that capital, which are the recurring part; it also takes a share of profits (carried interest) when investments are sold, which comes in lumps depending on exit timing.

In one line: A European Blackstone/KKR.

Products and services

  • Private equity (buyout) funds
  • Private credit funds
  • Secondaries/Growth funds
  • Infrastructure funds

Customers

  • Institutional investors (pensions, sovereign wealt
  • High-net-worth investors

Where it sits in the supply chain

  • Financial services
  • Alternative asset management
  • Private equity, credit & infrastructure…

What could go right

  • Fundraising for new fund vintages
  • Fee-related earnings growth

What could go wrong

  • Deal exit/realization timing risk
  • Fundraising market cyclicality

Moat: narrow (brand, scale). Long fundraising track record and scale give access to large deals and institutional capital.

Headquarters: Luxembourg City, Luxembourg · Founded: 1981 · Employees: 1,507

Named competitors

CVC Capital Partners at a glance

Size CVC Capital Partners (CVC.AS) is a Netherlands Financials company (Investment Managers) with a market value of $16.9B, the 19th largest of 61 Netherlands companies the cockpit tracks. Shares closed at €14.46 on 6 Nov 2026.

Performance Over six months the shares gained 9.8%, against +4.2% for the median peer and +0.4% for the Netherlands market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 13.6% over the last twelve months (peer median +11.3%); the operating margin is 57.4% (peer median 34.9%).

Valuation It trades at 18.1× forward earnings against a peer median of 12.3× (4th most expensive of 21).

Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026CVC.AS 111Peer median 103
Six months, rebased to 100: CVC Capital Partners against the median of its 20 peers (local-currency closes).

CVC Capital Partners financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€2.01B€1.86B€1.56B€1.00B€1.20B
Revenue growth—+19%+56%-17%—
Gross profit€1.82B€1.67Bn/a€574M€831M
EBITDA€1.33B€1.45B€628M€414M€598M
Net income€966M€1.18B€225M€280M€436M
Free cash flow€678M€596M€639M€318M€289M
Capital expenditure€22.5M€30.8M€21.2M€3.67M€1.92M
Total debtn/a€1.78B€1.82B€1.45B€1.38B

Quarterly statements and history in the cockpit →

CVC Capital Partners competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%0%+10%+20%BENTPGOWLICICIAMCDWS600999CGPS002736PGHNAMUNIAGSEICTROW601066PFGHDFCAMCIVZ8604CVC.AS6-month return →1-month return →
Up and to the right = strong over both horizons. CVC Capital Partners is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%10×20×30×40×BENTPGOWLICICIAMCDWS600999CGPS002736PGHNIGMAMUNIAGSEICTROW601066HDFCAMCIVZ8604CVC.ASRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. CVC Capital Partners is the large dot.

CVC Capital Partners competitors and peer comparison

Head to head with its named competitors (CVC.AS vs BX vs KKR vs EQT.ST)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
CVC Capital Partners CVC.AS$16.9B+10%+14%57%18.1×n/a
Blackstone BX$149B-3%+9%57%18.1×n/a
KKR & KKR$86.6B-6%+32%23%11.4×n/a
Eqt EQT.ST$39.2B+1%-18%59%22.6×n/a
Apollo Global Management APO$68.9B-12%+11%11%11.5×n/a

How CVC Capital Partners compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

CVC Capital Partners against its 20 peers (data as of 6 Nov 2026)
MeasureCVC.ASPeer medianRank in peer set
1-month return+22.1%+1.5%highest of 21
6-month return+9.8%+4.2%6th highest of 21
Distance from 52-week high-10.7%-15.8%7th highest of 21
Revenue growth (TTM)+13.6%+11.3%7th highest of 21
Operating margin57.4%34.9%5th highest of 21
Forward P/E18.1×12.3×4th most expensive of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
CVC Capital Partners CVC.ASNetherlands$16.9B+10%+14%57%18.1×n/an/a
Franklin Resources BENUnited States$17.1B+10%+8%15%10.6×n/an/a
TPG TPGUnited States$17.9B+4%+21%17%13.8×n/an/a
Blue Owl Capital OWLUnited States$15.4B-7%+11%17%10.4×n/an/a
ICICI Prudential Asset Management ICICIAMC.NSIndia$15.4B-11%+22%73%39.2×n/an/a
DWS Group GmbH & Co. KGaA DWS.DEGermany$14.7B+7%+24%37%12.6×n/an/a
China Merchants Securities 600999.SSChina$20.1B+3%-8%76%6.8×n/an/a
Carlyle CGUnited States$14.1B-22%-44%14%10.2×n/an/a
Pershing Square PSUnited States$20.6B+24%+67%37%84.9×n/an/a
Guosen Securities 002736.SZChina$13.9B-16%-10%34%7.9×n/an/a
Partners PGHN.SWSwitzerland$21.3B-24%+9%56%16.7×n/an/a
IGM Financial IGM.TOCanada$13.3B+7%+20%36%14.0×n/an/a
Amundi AMUN.PAFrance$21.7B+9%+1%23%11.9×n/an/a
iA Financial IAG.TOCanada$13.1B+29%+13%59%13.9×n/an/a
SEI Investments SEICUnited States$12.5B+15%+13%30%15.3×n/an/a
T. Rowe Price TROWUnited States$23.1B+4%+7%36%10.8×n/an/a
CSC Financial 601066.SSChina$23.4B-3%-2%49%14.2×n/an/a
Principal Financial PFGUnited States$23.6B+10%+5%15%11.3×n/an/a
HDFC Asset Management HDFCAMC.NSIndia$12.0B-7%+12%80%35.5×n/an/a
Invesco IVZUnited States$11.9B-1%+17%24%8.6×n/an/a
Nomura 8604.TJapan$26.5B+15%+12%12%9.0×n/an/a

Questions

Who are CVC Capital Partners's main competitors?
Named competitors: Blackstone (BX), KKR (KKR), EQT AB (EQT.ST), Apollo Global Management (APO). The cockpit's measured peer set (industry) also includes Franklin Resources (BEN), TPG (TPG), Blue Owl Capital (OWL), ICICI Prudential Asset Management (ICICIAMC.NS), DWS Group GmbH & Co. KGaA (DWS.DE), China Merchants Securities (600999.SS).
Is CVC Capital Partners expensive compared with its peers?
On forward p/e it trades at 18.1× against a peer median of 12.3×, 4th most expensive of 21 in its peer set.
How has CVC Capital Partners stock performed?
Over six months to 6 Nov 2026 the shares returned +9.8% against +4.2% for the median peer; over one year +1.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.