CVC Capital Exclusive: German Union Backs CVC Over Rival in $15 Billion Schenker Deal

CVC Capital has gained the endorsement of Verdi, Germany’s leading labor union, in its bid to acquire Deutsche Bahn’s logistics arm, Schenker, for about €14 billion ($15 billion).

This support marks a significant shift in the perception of private equity firms within Germany, where they were once viewed unfavorably.

Verdi’s backing comes amid a