Cinven
Cinven is a global private equity firm founded in 1977 with offices in Guernsey, London, Paris, Frankfurt, Milan, Luxembourg, New York and Hong Kong.
Cinven’s funding base originally came solely from three UK pension funds (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; Consumer; Financial Services; Healthcare; Industrials; and TMT.
Investments
Cinven is a private equity firm based in London. Some of the recent acquisitions include:
Avio – In 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.
