Cinven
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| Type | Private |
|---|---|
| Industry | Private Equity |
| Founded | 1977 |
| Headquarters | London, United Kingdom |
| Key people | Hugh Langmuir, Managing Partner |
| Products | Private Equity |
| Website | www.cinven.com |
Cinven is a leading European private equity firm founded in 1977 with offices in Guernsey, London, Paris, Frankfurt, Milan, Luxembourg and Hong Kong.
Currently, the company has raised five funds, with the last one signing up 5 billion euros. Cinven is solely focused on European acquisitions and buyouts, with investment coming from over 111 institutional investors from 22 countries.
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.[1] Cinven has been reported to originally stand for Coal Investment Nominees' for Venture Capital.[2]
Cinven invests in six sectors on an international basis: Business Services; Consumer; Financial Services; Healthcare; Industrials; and TMT.
Investments[edit]
Cinven is one of the largest and most influential private equity firms in Europe. Some of their 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).[3] 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 [1], ASK, Zizzi and BYRON.[4]
- SLV - acquired in April 2011, SLV is a provider of residential and technical lighting products
- Partnership – acquired in 2008
- Sebia – in June 2010
- CPA Global – acquired in March 2012
- AMCo – acquired in August/October 2012
References[edit]
- ^ 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
External links[edit]
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