Private equity firm CVC Capital Partners has appointed former Capital One executive Larry A Klane as a senior adviser, working with the firm’s global financial institutions team to supp
Private equity firm CVC Capital Partners has appointed former Capital One executive Larry A Klane as a senior adviser, working with the firm’s global financial institutions team to support its investment advisory activities in the financial services sector.
With 19 offices throughout Europe, Asia, and the US, CVC currently has approximately USD20bn of un-invested equity capital.
Klane (photo) has had senior responsibility for mergers and acquisitions, strategy, and operations. Most recently, he was president of the global financial services division of Capital One Financial, a global financial business with over USD150bn of assets. Klane was also responsible for Capital One’s mergers and acquisitions activity.
He was previously a managing director at Deutsche Bank and ran the corporate trust and agency services business at Bankers Trust, which Deutsche acquired in 1999. Two years ago Klane was nominated to serve on the Federal Reserve board of governors.
Jonathan Feuer, a managing partner at CVC and head of the global financial institutions Team, says: ‘We are delighted to welcome Larry to CVC. He has been a highly successful executive and corporate leader, and he has a deep background in the financial services sector. I am confident that he will play an important role in CVC funds’ investments in, and ongoing support of, leading global financial businesses.’
Klane says: ‘CVC has a longstanding reputation for integrity and professionalism, and the firm has helped build lasting value in the businesses in which it has invested. I believe the current environment offers tremendous opportunity for CVC to complete attractive investments in the financial services sector, and I look forward to supporting the firm’s continued success in this area.’
