Cinven

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Cinven
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 global private equity firm founded in 1977 with offices in Guernsey, London, Paris, Frankfurt, Milan, Luxembourg, New York and Hong Kong.

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

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).[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, ASK, Zizzi and BYRON.[4]
  • SLV – acquired in April 2011, SLV is a provider of residential and technical lighting products
  • Partnership Assurance – acquired in 2008[5]
  • 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.[6]
  • CeramTec Group – acquired in June 2013[7]
  • Host Europe Group – acquired in July 2013, Cinven agreed to purchase this web hosting firm for around $666 million.[8]
  • Medpace – In February 2014, Cinven agreed to acquire the pharmaceutical contract research organisation from CCMP Capital for around $900 million.[9]
  • Northgate Public Services – In December 2014, Cinven agreed to acquire the public services division of Northgate Information Solutions for an undisclosed amount.[10]

References

  1. ↑ The fourth Cinven fund completes fundraising at $6.5 billion, Cinven press release,30 June 2006
  2. ↑ Cinven looks to rejoin industry's top league. Dow Jones Financial News, September 8, 2008
  3. ↑ BUPA agrees hospitals sale, BUPA press release, 18 June 2007
  4. ↑ byronhamburgers.com
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Cinven to sell AMCo to Concordia Healthcare Corp, Private Equity Wire, St Helier Jersey, 8 September 2015.Retrieved: 19 September 2015.
  7. ↑ The New York Times Dealbook: Cinven to Buy CeramTec for $2 Billion. By Mark Scott, 2013-06-16
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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