White paper
Søren Vestergaard-Poulsen was the guest of our latest edition of the Deal Talk series, in which Moonfare’s CEO and founder, Steffen Pauls, talks to some of the world’s most prominent names in private equity dealmaking.
Søren, who joined CVC in 1998, is a managing partner and co-chairs CVC's private equity board and oversees private equity activities in Greece and the Nordics. He plays a pivotal role in managing a firm with 25 local offices and €161 billion of assets under management.
In their conversation, Steffen and Søren discussed a wide range of topics, from CVC’s approach to sustainability to its distinct organisational culture. Here are some of the highlights:
“We’re trying to find investments that are robust and where we have a clear value creation program to make these businesses better. If we can do that, we’re more than likely to make a good investment.”
“The alignment of interest with management, the long-term approach to value creation, and the drive from the board level to create value are much better in private equity than in any other ownership model. Compared to when I joined, not much has changed either. It continues to be a superior ownership model and will stay that way in the years to come.”
“I think we’ll see a pick-up in 2024. We are already seeing the divergence in price expectation between buyers and sellers narrowing. And in terms of financing, banks are coming back to the market. We’re starting to see improvements.”
“It comes down to whether managers making investments know what they’re doing. If you are a sector fund, you need deep expertise in the sector. If you are a generalist fund, you need to be able to source the right deals and generate the value creation plan again and again.”
Important Notice: This content is for informational purposes only. Moonfare does not provide investment advice. You should not construe any information or other material provided as legal, tax, investment, financial, or other advice. If you are unsure about anything, you should seek financial advice from an authorised advisor. Opinions in this interview are not Moonfare's and Moonfare do not take responsibility for this. Past performance is not a reliable guide to future returns. Your capital is at risk.
Benefit from what institutional investors already know: the greatest shareholder value comes from private markets, and funds like those offered on Moonfare have generated an average IRR of 19% — outperforming the S&P 500 by 13%.*
Sign up now%20(1).jpg)
¹ Minimum investment may vary by country and local regulation.
² Source: McKinsey "Private Markets Annual Review 2022"
³ Past performance is no guarantee of future returns.
Please read this important information. By selecting I AGREE this indicates that you have read and understand the below, before accessing the rest of this website.
This disclaimer is intended for UK readers accessing this website who should be aware that Moonfare cannot guarantee all information displayed on its website will be relevant or suitable for UK audiences. Moonfare cannot guarantee the information contained on its website is up to date, and makes best efforts to ensure it sources and data are accurate at the time of publishing.
The information on this website may not be suitable for all investors and we therefore need to ensure that you are sufficiently aware of the risks and are of a suitable category as defined by the Financial Services and Markets Act 2000.
The information set out in this website does not constitute or form part of any offer to issue or sell, or any solicitation of an offer to subscribe or purchase any investment, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with any contract.
.jpg)
.webp)
.png)
