CVC Capital Partners is nearing a deal to buy infrastructure investor DIF Capital Partners as it seeks to expand its range of offerings ahead of a potential listing, people with knowledge of the matter said.
The European private equity firm could announce a deal as soon as Tuesday, the people said, asking not to be identified because the information is private. Netherlands-based DIF has around €16 billion of assets under management, according to its website.
Infrastructure has been one of the hottest areas of dealmaking over the past year even as the volume of private equity buyouts has slowed. A number of other major investment firms, from New York giants like Blackstone Inc. and KKR & Co. to European rivals such as EQT AB, already have dedicated infrastructure businesses that now account for some of their biggest transactions.
Discussions are ongoing, and there’s no certainty the talks with DIF will result in a transaction, the people said. A spokesperson for CVC declined to comment, while DIF didn’t immediately respond to emailed queries.
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