Daily News: April 7, 2014

CVC Capital Hires Clark as Managing Partner

CVC Capital Partners announced that John D. Clark joined the firm as a managing partner based in New York. Clark will focus on middle market, growth-oriented private equity investments in the technology, software and technology-enabled business services sectors.

He comes from Welsh, Carson, Anderson & Stowe, a New York-based private equity firm, where he was a general partner, a member of the Management Committee and a director of Paycom Software, Peak 10, NEWAsurion, Savvis, Lytx and other companies.

CVC Managing Partner Chris Stadler said, “CVC’s greatest asset is the strength and depth of our investment professionals around the world. John will be a great addition to this team.” CVC Partner and Head of TMT Lorne Somerville said, “Our recent investments in AVAST and Cerved in Europe and SPi Global in Asia highlight our strong interest in the software and tech-enabled business services sectors. We are very fortunate to be able to attract an investor of John’s calibre and I look forward to working with him to expand our presence in these sectors especially in the middle-market.”

Clark said, “I am delighted to have the opportunity to join such a world-class organization and one of the most successful platforms in the private equity industry today.”

CVC is an international private equity firm.