Cinven

Investments

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

• Avio – In August 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). 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 June 2007 for $1.36 billion, Gondola is the market leader in the casual dining sector in the United Kingdom, with brands such as PizzaExpress, ASK, Zizzi and BYRON.
• SLV – acquired in April 2011, SLV is a provider of residential and technical lighting products
• Partnership Assurance – acquired in 2008
• 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.
• CeramTec Group – acquired in June 2013
• Host Europe Group – acquired in July 2013, Cinven agreed to purchase this web hosting firm for around $666 million.
• Medpace – In February 2014, Cinven agreed to acquire the pharmaceutical contract research organisation from CCMP Capital for around $900 million.
• Northgate Public Services – In December 2014, Cinven agreed to acquire the public services division of Northgate Information Solutions for an undisclosed amount.
• UFINET – In 2014, Cinven bought the telecommunications business of Gas Natural Fenosa for more than 500 million US dollars.
• Premium Credit – In January 2015, Cinven acquired Premium Credit, the United Kingdom's biggest premium financing company.
• Labco – In May 2015, Cinven agreed to acquire this operator of medical diagnostics laboratories for €1.2 billion.
• Synlab Group acquired in June 2015 for €1.7 to 1.8 billion.
• Kurt Geiger – In December 2015, Cinven acquired United Kingdom based fashion retailer Kurt Geiger from Sycamore Partners for £245 million.
• Hotelbeds - In September 2016, Cinven and Canada Pension Plan Investment Board (CPPIB) acquired the business-to-business accommodation wholesaler for a purchase price of around 1.3 billion euros.
• Stada Arzneimittel – In August 2017, Cinven acquired German company Stada Arzneimittel.
• One.Com – In December 2018, Cinven acquired, from Accel-KKR, one of the Europe's biggest hosting providers with 1,5M customers.
• RTB House – In January 2019, Cinven invested in Polish company RTB House.
• Drake Software – In February 2021, Cinven announced its investment in this provider of professional tax preparation software.
• True Potential -- In September 2021, it was announced that Cinven were acquiring a majority stake in the UK based wealth management company True Potential. The deal valued True Potential at a figure between £1.6 billion and £2 billion. Cinven completed the acquisition of the company in February 2022.
• TaxAct – In November 2022, Cinven agreed to acquire American online DIY tax software provider from Blucora, Inc. for about $720 million. It announced that it would combine TaxAct's business with Drake Software under a single holding company.

References

References

1. [http://www.cinven.com/aboutus/default.aspx Cinven, About us, Cinven website, retrieved April 2, 2016 ]
2. link. (16 March 2008 , Cinven press release,30 June 2006)
3. [http://www.efinancialnews.com/assetmanagement/pensionfunds/content/2451718306/printerfriendly Cinven looks to rejoin industry's top league]. Dow Jones Financial News, 8 September 2008
4. (15 July 2021). "Drug companies fined £260m for "colluding to overcharge the NHS"".
5. Gopinath, Swetha. (9 January 2024). "Cinven Raises $14.5 Billion for UK Buyout Firm's Eighth Fund". Bloomberg News.
6. [http://www.bupa.co.uk/about/html/pr/180607_hospitals_sale.html BUPA agrees hospitals sale] {{Webarchive. link. (3 February 2008 , BUPA press release, 18 June 2007)
7. "byronhamburgers.com".
8. (17 September 2011). "Cinven to kick-start £750m Partnership Assurance sale". The Telegraph.
9. [http://www.privateequitywire.co.uk/2015/09/08/229796/cinven-sell-amco-concordia-healthcare-corp ''Cinven to sell AMCo to Concordia Healthcare Corp'', Private Equity Wire, St Helier Jersey, 8 September 2015]. Retrieved 19 September 2015.
10. [https://dealbook.nytimes.com/2013/06/16/cinven-to-buy-ceramtec-a-ceramics-maker-for-2-billion/ 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.
12. (23 February 2014). "Cinven to acquire Medpace in $900 million deal". Reuters.
13. (22 December 2014). "Northgate Information Solutions sells Public Services division to Cinven". Yahoo! Finance.
14. [https://web.archive.org/web/20170901064921/http://uk.reuters.com/article/us-premiumcredit-m-a-cinven-idUKKBN0KM1D020150113 Cinven strikes a £460m deal for Premium Credit]
15. (28 May 2015). "Buyout group Cinven to buy France's Labco for $1.3 bln". Reuters.
16. (25 June 2015). "Cinven buys lab chain Synlab for $1.9–2.0 billion". Reuters.
17. Grandhi, K. (14 December 2015). "Footwear retailer Kurt Geiger acquired by Cinven from Sycamore Partners". International Business Times.
18. Bray, Chad. (28 April 2016). "TUI Group to Sell Hotelbeds Group for $1.3 Billion". The New York Times.
19. [http://www.manager-magazin.de/unternehmen/artikel/stada-bain-capital-und-cinven-gelingt-kauf-a-1163470.html 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".
21. . (2 January 2019). ["Cinven to acquire Accel-KKR portfolio company One.com"](https://link.gale.com/apps/doc/A568010860/ITOF?u=wikipedia&sid=bookmark-ITOF&xid=55379d60). *Normans Media*.
22. Shields, Ronan. (January 14, 2019). "Cinven Invests in Ad-Tech Outfit RTB House to Further U.S. Growth".
23. "StackPath".
24. "Cinven to snap up £2bn wealth management platform True Potential".
25. Vallely, Lois. (2022-02-08). "True Potential completes sale of stake to private equity firm Cinven".
26. Lawler, Ryan. (1 November 2022). "Cinven acquires TaxAct for $720M".
27. Walters, Natalie. (1 November 2022). "Dallas' Blucora to sell its TaxAct business for $720 million following proxy fight". [[The Dallas Morning News]].