Citi Spinoff Mints $4 Billion Fortune for CVC Buyout Barons

That decision has proved lucrative, with the trio now among the biggest winners of this week’s long-awaited initial public offering of CVC Capital Partners. The three founding partners now hold most of the roughly $4.2 billion fortune that senior CVC figures control through disclosed stakes after the Luxembourg-based buyout firm ended its first day of trading on Friday at €16.35 ($17.49) per share, according to the Bloomberg Billionaires Index. Mackenzie is also pocketing a windfall of at least $175 million …