Retirement of Hardy McLain, Co-Founder and Managing Partner

After over 25 fulfilling years at CVC, Mr McLain will be retiring at the end of December 2012. Mr McLain will still remain as a CVC Board member but will no longer have any operational roles other than serving on various portfolio boards.

Mr McLain said: "It has been quite a journey, and I have no doubt that CVC is well positioned today to be just as successful for the next 25 years as we have been in the past. My hope is to spend the next decade taking on different challenges from the last three."

Mr McLain has set up a family office and a charitable foundation, 8 Strands. CVC would like to thank Mr McLain for his long-standing contributions and hard work in developing the firm over the past quarter century and would like to extend our best wishes for the years ahead in his retirement and working with the foundation.