CVC to buy minority of DKV Mobility Services.

CVC Capital Partners said Nov. 16 that it agreed to buy a minority of DKV Mobility Services Group. Financial terms weren’t announced. DKV family shareholders, the sellers, will retain a majority of the company, owing 80 percent. DKV specialise in cards that are used by commercial drivers to pay for fuel, toll and other services in more than 40 European countries without having to carry cash. CVC will support the company in accelerating its successful growth strategy in close cooperation with the majority owners and management. Strategic priorities will include the further digitalisation of DKV’s business model and the extension of its service offering. Going forward, DKV will extensively benefit from CVC’s entrepreneurial expertise and large international network.