European private equity firm Cinven has held the final close of the Sixth Cinven Fund at €7 billion (approximately US$8 billion).
Cinven will invest primarily in Europe in line with its investment strategy focused on businesses with market leading positions and strong cash flows where it can strategically drive revenue growth both in Europe and globally.
Cinven has been investing in European buyouts for more than 25 years. The Fifth Cinven Fund, raised in 2013, has invested in a total of 17 companies and has made a total of more than 40 acquisitions reflecting the buy and build strategies of several of its portfolio companies including Synlab (Healthcare), Heidelberger Leben (Financial Services), and HEG (TMT).
Since January 2015, the firm has achieved six exits including the sales of Guardian Financial Services, the UK life insurance consolidation business, to Admin Re® (4.2x); and Numericable, the French media and telecoms group, to Altice (4.7x).
FinSMEs
29/06/2016