Cinven related stories
All articles and analysis
Cinven snaps up Host Europe for £438mThe secondary buyout, which gives Montagu a 2x exit, is the fifth deal made by the firm’s recently closed €5.3bn fund.
- Cinven in handover discussions over Frans Bonhomme
The French equipment maker, bought by the firm for €900m in 2005, is seeking to renegotiate the terms of its €600m debt burden.
- UK refinancing hits record highs
Open debt markets have allowed PE-backed companies to refinance £7.6bn worth of loans so far this year, according to fresh research, in a period that has also seen a marked revival of the IPO market.
- Cinven buys insurer from Lloyds in all-equity deal
The London-based GP has invested €300m in Heidelberger Leben as it aims to replicate the success of its Guardian Financial Services deal.
- HgCapital buys tax advisory business
The deal, which is the latest by the firm’s Fund VI, comes three months after Hg reached a £2bn hard-cap on its Fund VII.
- Lexington snaps up Cinven fundraiser
Anthony Garton is joining secondaries firm Lexington after five years on Cinven’s investor relations team.
- Friday Letter: Club concerns
Investors in private equity worry about many things. For instance: will the mounting wave of money kill returns in the asset class? Or: have I picked the right funds? Or: what are management fees doing to manager motivation? And: are club deals good or bad?
- Friday Letter: More but less of the same please
A seasoned private equity practitioner who spends considerable time scrutinising the industry recently confessed to PEO that the practice had, in truth, fallen far short of the theory.
- Friday Letter: Diminishing due diligence
Deal flow has been described as the Holy Grail for GP groups, particularly for those operating in the ultra-competitive mid-market. Take the French private equity scene, for example. Here, perhaps more than anywhere else in Europe, identifying primary assets on a proprietary basis is becoming as much the stuff of myth and legend as the romantic quests undertaken by the knights of ancient Christendom.
- Friday Letter: Public vs Private
Knight Vinke Asset Management continues to fan the flames of shareholder resistance to the proposed €7.4 billion private equity-backed takeover of Dutch business information group VNU. It is as though Knight Vinke is enacting a kind of tribute to another institutional investor which took a similar stance not long ago.