33.96 F
London
November 22, 2024
PI Global Investments
Private Equity

Donald Mackenzie, the billionaire Scottish tycoon you’ve never heard of


A publicity-averse Scottish accountant with a long private equity career and renowned deal-making prowess has been revealed to be a paper billionaire.

Donald Mackenzie, who studied law at the University of Dundee, will be little known to many in his homeland.

However, CVC, the private equity firm he co-founded more than 30 years ago, has been behind many blockbuster transactions, buying into sports such as Formula One, cricket, rugby and Spanish football.

Its portfolio has included names as diverse as RAC, PG Tips, Breitling, the AA, Halfords, Debenhams and Saga.

Mackenzie, 67, started his corporate career at 3i, the stock market-listed private equity group, then left to join Citicorp in 1988. Supposedly he had become frustrated when colleagues at 3i would not back his investment



Source link

Related posts

Loyal PGA golfers set to benefit from private equity deal

D.William

Cardiologist, CEO share perspective on acquisition trends

D.William

In Battle Over Health Care Costs, Private Equity Plays Both Sides

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.