Cinven

Cinven

Type	Private
Industry	Private Equity
Founded	1977 (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 2015, it had €10.6 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]
• Synlab Group acquired in June 2015 for €1.7-1.8 billion. ^[14]
• Kurt Geiger - In December 2015, Cinven acquired UK-based fashion retailer Kurt Geiger from Sycamore Partners for £245 million.^[15]

References

External links

• Official website

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