Cinven

Last updated

Cinven Limited
Company typePrivate company
Industry Private equity
Founded1977;47 years ago (1977)
HeadquartersLondon, United Kingdom
Key people
Stuart McAlpine, Managing Partner
Products Private equity
Website www.cinven.com

Cinven Limited is a global private equity firm founded in 1977, with offices in nine international locations in Guernsey, London, New York, Paris, Frankfurt, Milan, Luxembourg, Madrid, and Hong Kong that acquires Europe and United States based corporations, and emerging market firms that fit with their core businesses, and necessitate a minimum equity investment of €100 million or more. [1] As of 2023, it has €39 billion in assets under management.

Contents

Cinven's funding base originally came solely from three pension funds in the United Kingdom (British Coal, the Railway Industry and Barclays Bank) who remain as important investors. [2] Cinven has been reported to originally stand for Coal Investment Nominees' for Venture Capital. [3]

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

In July 2021, the firm was fined £43m by the UK Competition and Markets Authority for its part in a generic drug pricefixing scandal, which had resulted in the National Health Service being overcharged by "hundreds of millions of pounds" over several years. [4]

In January 2024, Cinven raised $14.5 billion for its eighth private equity fund. [5]

Investments

Cinven is a private equity firm based in London. Some of the recent acquisitions include:

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References

  1. Cinven, About us, Cinven website, retrieved April 2, 2016
  2. The fourth Cinven fund completes fundraising at $6.5 billion Archived 16 March 2008 at the Wayback Machine , Cinven press release,30 June 2006
  3. Cinven looks to rejoin industry's top league. Dow Jones Financial News, 8 September 2008
  4. "Drug companies fined £260m for "colluding to overcharge the NHS"". 15 July 2021.
  5. Gopinath, Swetha (9 January 2024). "Cinven Raises $14.5 Billion for UK Buyout Firm's Eighth Fund". Bloomberg News. Retrieved 22 January 2024.
  6. BUPA agrees hospitals sale Archived 3 February 2008 at the Wayback Machine , BUPA press release, 18 June 2007
  7. "byronhamburgers.com". Archived from the original on 13 May 2010. Retrieved 19 May 2010.
  8. "Cinven to kick-start £750m Partnership Assurance sale". The Telegraph. 17 September 2011. Retrieved 13 September 2013.
  9. Cinven to sell AMCo to Concordia Healthcare Corp, Private Equity Wire, St Helier Jersey, 8 September 2015. Retrieved 19 September 2015.
  10. The New York Times Dealbook: Cinven to Buy CeramTec for Billion. By Mark Scott, 16 June 2013
  11. "Deals of the day – mergers and acquisitions". Reuters. 19 July 2013.
  12. "Cinven to acquire Medpace in $900 million deal". Reuters. 23 February 2014. Retrieved 24 February 2014.
  13. "Northgate Information Solutions sells Public Services division to Cinven". Yahoo! Finance. 22 December 2014. Retrieved 22 December 2014.
  14. Cinven strikes a £460m deal for Premium Credit
  15. Berry, Freya (28 May 2015). "Buyout group Cinven to buy France's Labco for $1.3 bln". Reuters.
  16. "Cinven buys lab chain Synlab for $1.9–2.0 billion". Reuters. 25 June 2015. Retrieved 29 October 2016.
  17. Grandhi, K (14 December 2015). "Footwear retailer Kurt Geiger acquired by Cinven from Sycamore Partners". International Business Times. Retrieved 21 June 2016.
  18. Bray, Chad (28 April 2016). "TUI Group to Sell Hotelbeds Group for $1.3 Billion". The New York Times. Retrieved 10 July 2018.
  19. Bain Capital und Cinven gelingt Kauf von Stada (German)
  20. Lunden, Ingrid (20 December 2018). "Cinven acquires One.com, one of Europe's biggest hosting providers with 1.5M customers". TechCrunch . Retrieved 1 July 2023.
  21. "Cinven to acquire Accel-KKR portfolio company One.com". Global Banking News. Bath, United Kingdom: Normans Media. 2 January 2019. Retrieved 1 July 2023 via Gale General OneFile (Wikipedia Library).
  22. Shields, Ronan (14 January 2019). "Cinven Invests in Ad-Tech Outfit RTB House to Further U.S. Growth" . Retrieved 21 November 2022.
  23. "StackPath". www.cpapracticeadvisor.com. Retrieved 7 April 2021.
  24. "Cinven to snap up £2bn wealth management platform True Potential". Sky News. Retrieved 20 November 2023.
  25. Vallely, Lois (8 February 2022). "True Potential completes sale of stake to private equity firm Cinven". Money Marketing. Retrieved 20 November 2023.
  26. Lawler, Ryan (1 November 2022). "Cinven acquires TaxAct for $720M" . Axios .
  27. Walters, Natalie (1 November 2022). "Dallas' Blucora to sell its TaxAct business for $720 million following proxy fight". The Dallas Morning News .