CVC Groups Private Capital and CVC Ltd (2016-04-14)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998, warning investors and the public about an unauthorised entity operating under the names CVC Groups Private Capital and CVC Ltd (together, Private Capital) via the website www.cvcgroups.com.

• Not authorised: Private Capital has never registered or applied for registration under the Financial Services Law, and any financial services business it has conducted in or from Jersey since 1 July 1999 breaches Article 7 of that Law.
• No connection to CVC Jersey: Private Capital falsely implies a connection to the genuine, JFSC-authorised CVC Capital Partners and CVC Credit Partners entities (CVC Jersey), including CVC Capital Partners Jersey Limited, by using the CVC name and making unsolicited investor calls.
• Fraud warning: Documentation held by the Commission suggests Private Capital and its website display warning signs of being set up for a fraudulent purpose.
• Call for information: Anyone who has had dealings with Private Capital is asked to contact the Commission's Enforcement Division.

The statement is purely informational and protective in nature; it does not impose ongoing regulatory obligations on licensed businesses but warns the public and investors to avoid dealing with this unauthorised entity.