Girish Mahajan (Editor)

Cinven

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Industry
  
Private Equity

Website
  
www.cinven.com

Founded
  
1977

Products
  
Private Equity

Headquarters
  
London, United Kingdom

Type of business
  
Private

Cinven httpsuploadwikimediaorgwikipediacommons22

Key people
  
Stuart McAlpine, Managing Partner

Subsidiaries
  
CeramTec, Northgate Public Services

Profiles

YouTube

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. In 2014, it had €11.5 billion in assets under management.

Contents

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. Cinven has been reported to originally stand for Coal Investment Nominees' for Venture Capital.

Cinven invests in six sectors on an international basis: Business Services; Technology, Media and Telecommunications; Financial Services; Industrials; Healthcare; and Consumer.

Private equity fund cinven finds europe sweet spot in china


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). 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.
  • SLV – acquired in April 2011, SLV is a provider of residential and technical lighting products
  • Partnership Assurance – acquired in 2008
  • 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.
  • CeramTec Group – acquired in June 2013
  • Host Europe Group – acquired in July 2013, Cinven agreed to purchase this web hosting firm for around $666 million.
  • Medpace – In February 2014, Cinven agreed to acquire the pharmaceutical contract research organisation from CCMP Capital for around $900 million.
  • Northgate Public Services – In December 2014, Cinven agreed to acquire the public services division of Northgate Information Solutions for an undisclosed amount.
  • Labco – In May 2015, Cinven agreed to acquire this operator of medical diagnostics laboratories for €1.2 billion.
  • Synlab Group acquired in June 2015 for €1.7-1.8 billion.
  • Kurt Geiger - In December 2015, Cinven acquired UK-based fashion retailer Kurt Geiger from Sycamore Partners for £245 million.

    • References

    Cinven Wikipedia
    (Text) CC BY-SA