The price wasn't revealed, but Grand Prix racing now attracts 150 million viewers and brings in more than $600 million in revenue.
JPMorgan, BayernLB and Lehman Brothers together hold 75 percent of SLEC, with BayernLB owning slightly more than half. Ecclestone's family trust owns the other 25 percent.
CVC was originally the European private equity division of New York's Citicorp.
Celebrity Families of 2014 [PHOTOS]