Cinven
 | |
| Private | |
| Industry | Private Equity |
| Founded | 1977 |
| Headquarters | London, United Kingdom |
Key people | Stuart McAlpine, Managing Partner |
| Products | Private Equity |
| Website | www.cinven.com |
Cinven is a global private equity firm founded in 1977 with offices in 9 international locations in Guernsey, London, New York, Paris, Frankfurt, Milan, Luxembourg, Madrid, and Hong Kong that acquires Europe and US-based corporations, and emerging market firms that fit with their core businesses, and necessitate a minimum equity investment of €100 million or more.[1] In 2014, it had €11.5 billion in assets under management.[2]
Cinven’s funding base originally came solely from three UK pension funds (British Coal, the Railway Industry and Barclays Bank) who remain as important investors.[3] Cinven has been reported to originally stand for Coal Investment Nominees' for Venture Capital.[4]
Cinven invests in six sectors on an international basis: Business Services; Technology, Media and Telecommunications; Financial Services; Industrials; Healthcare; and Consumer.
Investments
Cinven is a private equity firm based in London. Some of the recent acquisitions include:
- Avio – In 2006, Cinven purchased Avio from Carlyle and Finmeccanica for an enterprise value of $2.6 billion.
- Spire Healthcare (previously BUPA Hospitals) – In June 2007, BUPA announced that it had agreed to sell its hospitals business, comprising 25 hospitals, to Cinven for $1.44 billion ($2.8 billion/$2.13 billion).[5] Spire has since acquired the Classics Hospital Group for GBP 145 million, as well as a single site hospital in Gerrards Cross, England.
- Gondola Holdings – acquired in 2007 for $1.36 billion, Gondola is the market leader in the UK casual dining sector, with brands such as PizzaExpress, ASK, Zizzi and BYRON.[6]
- SLV – acquired in April 2011, SLV is a provider of residential and technical lighting products
- Partnership Assurance – acquired in 2008[7]
- Sebia – acquired in June 2010
- CPA Global – acquired in March 2012
- AMCo – Created from Amdipharm and Mercury Pharma bought in 2012, merged, built up and sold to Canada's Concordia Healthcare in September 2015 for $3.4 billion in cash and shares.[8]
- CeramTec Group – acquired in June 2013[9]
- Host Europe Group – acquired in July 2013, Cinven agreed to purchase this web hosting firm for around $666 million.[10]
- Medpace – In February 2014, Cinven agreed to acquire the pharmaceutical contract research organisation from CCMP Capital for around $900 million.[11]
- Northgate Public Services – In December 2014, Cinven agreed to acquire the public services division of Northgate Information Solutions for an undisclosed amount.[12]
- Labco – In May 2015, Cinven agreed to acquire this operator of medical diagnostics laboratories for €1.2 billion.[13]
References
- ↑ Cinven, About us, Cinven website, retrieved April 2, 2016
- ↑ 2014 in Brief, Cinven website, retrieved April 2, 2016
- ↑ The fourth Cinven fund completes fundraising at $6.5 billion, Cinven press release,30 June 2006
- ↑ Cinven looks to rejoin industry's top league. Dow Jones Financial News, September 8, 2008
- ↑ BUPA agrees hospitals sale, BUPA press release, 18 June 2007
- ↑ byronhamburgers.com
- ↑ "Cinven to kick-start £750m Partnership Assurance sale". The Telegraph. 17 September 2011. Retrieved 13 September 2013.
- ↑ Cinven to sell AMCo to Concordia Healthcare Corp, Private Equity Wire, St Helier Jersey, 8 September 2015.Retrieved: 19 September 2015.
- ↑ The New York Times Dealbook: Cinven to Buy CeramTec for $2 Billion. By Mark Scott, 2013-06-16
- ↑ Reuters (19 July 2013). "Deals of the day -- mergers and acquisitions". Reuters.
- ↑ "Cinven to acquire Medpace in $900 million deal". Reuters. 23 Feb 2014. Retrieved 24 Feb 2014.
- ↑ "Northgate Information Solutions sells Public Services division to Cinven". Yahoo! Finance. 22 Dec 2014. Retrieved 22 Dec 2014.
- ↑ Berry, Freya (28 May 2015). "Buyout group Cinven to buy France's Labco for $1.3 bln". Reuters.
External links
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