Analyst Bruce Hamilton of Morgan Stanley maintained a Buy rating on CVC Capital Partners plc, retaining the price target of €20.00.
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Bruce Hamilton has given his Buy rating due to a combination of factors that indicate positive growth prospects for CVC Capital Partners plc. The company is on track with its fundraising efforts, with expectations that the SOF VI fund will surpass its $7 billion target. Additionally, CVC is planning to introduce new credit and infrastructure secondary strategies in the next 12 to 18 months, which could further enhance its market position.
Furthermore, CVC’s recent launch of the CVC Catalyst, aimed at European mid-market buyouts, and the ongoing progress in wealth management with €2 billion raised, demonstrate strong momentum. Despite a slight underperformance in fee-paying assets under management due to foreign exchange impacts, the company’s valuation remains attractive, trading at a discount compared to global peers. These factors collectively support a positive outlook for the company’s stock, justifying the Buy rating.