Cinven

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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[edit]

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]
  • Kurt Geiger - In December 2015, Cinven acquired UK-based fashion retailer Kurt Geiger from Sycamore Partners for £245 million.[14]

References[edit]

External links[edit]