CVC vs Viking Global

CVC Europe / Americas Fund X initial target set at €26bn

CVC sets out leadership succession, with Todd Sisitsky and Peter Rutland to become Co-Chief Executive Officers by Q1 2028; CVC Secondary Partners raises $10 billion for its sixth global secondary private equity fund; and several new investments and partnerships announced.

CVC and Standard Life announce strategic partnership

CVC and Standard Life announce a strategic partnership to accelerate growth and innovation.

Investor Presentation Released: CVC

AI parsed presentation narrative: CVC is demonstrating strong operating momentum and financial performance, driven by record realisations and successful diversification into Credit, Secondaries, and Infrastructure, which now account for over 55% of FPAUM. The firm is positioned for long-term growth through its scaling of Private Wealth, Insurance partnerships, and a clear path to double-digit FPAUM growth through 2028. Strategic pillars: Diversification into non-PE platforms, Scaling Private Wealth and Insurance distribution.

Austria Proposes Bringing Anthropic to Europe Amid US Export Controls

Austria is urging the European Union to explore establishing US AI company Anthropic within the bloc. In a letter to EU Technology Commissioner Henna Virkkunen, State Secretary for Digitalisation Alexander Pröll proposed jointly examining the 'strategic establishment and participation of Anthropic within the European Union.' The proposal was triggered by US export controls that forced Anthropic to disable its Fable 5 and Mythos 5 models worldwide in early June after the Commerce Department barred access by foreign nationals. Anthropic called the move a misunderstanding and later received limited clearance for Mythos 5. Pröll argues Anthropic's safety-first approach aligns with European values and would boost digital sovereignty. Experts doubt the plan's feasibility, noting Europe cannot match US capital and that Anthropic is preparing a US stock-market listing. Anthropic is also challenging a Pentagon risk classification in court. Brussels has not yet responded.

• Austria's State Secretary for Digitalisation Alexander Pröll proposed exploring Anthropic's strategic establishment within the EU in a letter to EU Technology Commissioner Henna Virkkunen.
• US export-control rules forced Anthropic to disable its Fable 5 and Mythos 5 AI models worldwide in early June 2026.
• The US Bureau of Industry and Security invoked the Export Control Reform Act, requiring a validated export licence for foreign nationals to access the models.

Polish software firm Callstack acquires Vienna-based Margelo

Polish software specialist Callstack is acquiring Viennese engineering firm Margelo, which develops performance libraries for React Native. The deal values Margelo at over €20 million. Margelo is known in the React Native community for its open-source libraries like Nitro Modules, VisionCamera, and react-native-mmkv, which have millions of downloads. Callstack, founded in 2016 in Wrocław, employs over 200 people and serves more than 100 enterprise clients. The acquisition follows a growth investment in Callstack in summer 2025 by US fund Viking Global Investors, which valued Callstack at around €120 million. Margelo founder Marc Rousavy will remain with the company to continue library development and work on the combined offering. Callstack aims to broaden its technology and open-source portfolio and grow internationally.

• Polish software-specialist Callstack is acquiring Viennese engineering company Margelo.
• Margelo is valued at over €20 million in the transaction.
• Margelo's open-source libraries include Nitro Modules (34M downloads), VisionCamera (40M downloads), and react-native-mmkv (67M downloads).

Callstack Acquires Margelo for Over $20M

Polish software company Callstack is acquiring Vienna-based engineering firm Margelo in a deal valuing the latter at more than €20 million. Both companies specialize in React Native, a cross-platform framework for building mobile apps. Margelo is known for its open-source libraries (VisionCamera, react-native-mmkv, Nitro Modules) and contract development for clients like Discord, Coinbase, and Expensify. Callstack, founded in 2016, employs over 200 people and serves enterprise clients. The acquisition aims to expand Callstack's technology portfolio and support international growth. Founder Marc Rousavy will stay on and retain a significant stake. The deal follows a recent growth investment from Viking Global Investors that valued Callstack at around €120 million.

• Callstack is acquiring Margelo for a valuation exceeding €20 million.
• Margelo is known for open-source React Native libraries with over 420 million total npm downloads.
• Marc Rousavy will remain with the combined company as a significant shareholder.