CVC Capital Partners and International Volleyball Federation agreed to form Volleyball World, a new partnership which will drive innovation, growth and investment in volleyball around the globe. Financial terms were not disclosed. "Volleyball is one of the most popular sports in the world and there is a huge untapped fan base and commercial potential. FIVB & CVC working together at Volleyball World, will drive innovation and greater fan engagement, which will accelerate growth and allow for substantial reinvestment back into the sport. We are delighted to be partnering with FIVB and look forward to working closely together to develop the sport globally, working collaboratively with all the players, leagues and federations in the years to come," Nick Clarry, CVC Capital Partners Head of Sports, Media and Entertainment.