Cinven 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 EUR100 million or more. In 2015, it had EUR10.6 billion in assets under management.
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. Cinven has been reported to originally stand for Coal Investment Nominees' for Venture Capital.
Cinven invests in six sectors on an international basis: Business Services; Technology, Media and Telecommunications; Financial Services; Industrials; Healthcare; and Consumer.
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