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Topic: Cinven

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	Cinven - Wikipedia, the free encyclopedia
		Cinven is a European private equity firm founded in 1977 with offices in London, Paris, Frankfurt and Milan.
		Cinven is solely focused on European acquisitions and buyouts, with investment coming from over 100 institutional investors from 19 countries.
		Cinven also owns a share of Gala, the bingo and casino operator, as part of a joint venture with Candover and Permira.
	en.wikipedia.org /wiki/Cinven (128 words)

	Cinven
		Cinven and Candover are in negotiations to acquire the BertelsmannSpringer scientific publishing division of Bertelsmann of Germany, in a £700m deal.
		Cinven, the private equity group, is planning to open offices in Paris and Frankfurt later this year.
		CINVen, the venture capitalist, and Argos are now thought to be among the bidders for the H Samuel and Ernest Jones jewellery chains being sold by Signet.
	www.ukbusinesspark.co.uk /cinvenaa.htm (600 words)

	TIME INC. TO ACQUIRE IPC FROM CINVEN
		Cinven led the management buyout of IPC from Reed Elsevier plc in January 1998 for Â»860 million.
		Brian Linden, director of Cinven said, "We are delighted to have worked closely with the management team of IPC in shaping a company with a focused product offering and a market-leading position.
		Cinven is the leading private equity provider for larger European buyouts, having led transactions in excess of Â»10 billion since 1995.
	www.timewarner.com /corp/newsroom/pr/0,20812,668881,00.html (528 words)

	Mental Health Foundation: News (Site not responding. Last check: 2007-09-08)
		Cinven, the venture capitalist group, yesterday bought Britain's largest chain of private mental health hospitals for £552m.
		The speed of the deal surprised many but Cinven said that it was familiar with the Partnerships in Care team because it once owned the business as part of General Healthcare, which it sold to BC Partners for £2.2billion in 1995.
		The deal is the latest in a flurry of care home deals by venture capitalists, who are attracted by the relatively fragmented nature of the sector which allows them to cut costs and increase efficiency by buying large numbers of operators.
	www.mentalhealth.org.uk /profilenews.cfm?pagecode=NENE&areacode=NEWS_mhf&id=7581 (383 words)

	Cinven starts a £1.5bn venture
		CINVEN is set to raise a £1.5bn fund that will confirm its position as one of Britain's most powerful venture capital firms.
		Cinven was formed in 1977 as the venture capital arm of the British Coal pension fund.
		Cinven's largest deal to date is the purchase of Générale des Eaux's healthcare business for £1.1bn.
	www.telegraph.co.uk /htmlContent.jhtml?html=/archive/1997/12/21/cin21.html (264 words)

	[No title] (Site not responding. Last check: 2007-09-08)
		The tentative sale of UPC France to Cinven and Altice, announced on Thursday, is further evidence of Liberty Global's (LBTYA.O: Quote, Profile, Research) shifting focus in Europe as it gets out of markets it considers stagnant and invests in higher-growth regions.
		If the deal is finalised, Cinven and Altice would control nearly all of France's cable services with a combined 4 million customers, giving them a stronger base with which to compete against telecoms operators, which have grabbed the lion's share of the country's market for broadband services.
		Cinven and Altice in December 2004 acquired the cable units of France Telecom (FTE.PA: Quote, Profile, Research) and Canal Plus (CNLP.PA: Quote, Profile, Research) for 528 million euros.
	today.reuters.com /business/newsArticle.aspx?type=media&storyID=nL2378329 (385 words)

	Apax Partners - News Wrapper
		Cinven is one of the most prominent and successful investors in the European buyout market. It has led transactions with a value in excess of €40 billion.
		From its offices in Frankfurt, London and Paris, Cinven focuses exclusively on creating value in companies headquartered in Europe, which have a minimum enterprise value of €250 million and are market leaders or have the potential to become so.
		Cinven Limited is authorised and regulated by the Financial Services Authority. For further information, please visit the company website: www.cinven.com
	www.apax.com /it/news/story_1138.html (520 words)

	Cinven to unload Fitness First for £835 million
		Cinven had first brought Fintess First in January 2003 for £404 million, thus making the previously public company private and completely turning it around over the course of the last two years.
		Cinven had first put up Fitness First for sale in June in an auction run by UBS, the investment bank.
		Cinven was largely responsible for Fitness First’s penetration and the eventual domination in the Asian and Australian markets.
	www.abcmoney.co.uk /news/242005985.htm (258 words)

	Cinven, Investcorp and Avecia (Site not responding. Last check: 2007-09-08)
		Cinven and Investcorp hold a 50:50 share of approximately £500 million of equity and loans in Avecia.
		Both Cinven and Investcorp have been established for over 25 years and operate on behalf of their investors, which include several large pension and life insurance companies, looking for opportunities to invest for capital growth over the medium to long term.
		Financing the buyout of Zeneca Specialties was the first major transaction that Cinven and Investcorp had worked together on.
	www.avecia.com /group/about/investors.htm (117 words)

	BC Partners - Press Releases (Site not responding. Last check: 2007-09-08)
		Cinven has been instrumental in the development of General Healthcare as the UK leader in the provision of private hospital care.
		Simon Rowlands, a director of Cinven, said: " Having held this investment for five years and seen our strategic objective to create the UK market leader in private healthcare achieved, we were considering our options to capitalise on the value created when we received an offer from BC Partners.
		Cinven will continue to operate it as a separate business and has no current plans to exit.
	www.bcpartners.com /english/pressreleases/2000/010900.asp (632 words)

	Apax Partners - News - Apax Partners (Site not responding. Last check: 2007-09-08)
		European private equity firm, Cinven, today announces that following advice from the works council, it has entered into an agreement with Apax Partners France and its co-investors* for the acquisition of Frans Bonhomme, Franceâs leading distributor of PVC pipes and pipe fittings.
		Frans Bonhomme is the only specialist player in its field and has a strong position throughout the French territory due to its network of 270 points of sale. The company has a turnover of €538 million in 2004.
		The purchase was financed by funds from the €4.4 billion âthird Cinven fundâ and debt by the Royal Bank of Scotland.
	www.apax.de /en/news/story_1298.html (555 words)

	stocks, shares, news, FTSE, online trading - Interactive Investor (Site not responding. Last check: 2007-09-08)
		Candover and Cinven also said they want to merge BertelsmannSpringer with Kluwer Academic Publishers (KAP) to create an STM publisher with total combined revenues of about 880 mln eur and EBITDA of 155 mln eur.
		Netherlands-based KAP was acquired by Candover and Cinven in January.
		Candover and Cinven were advised by Goldman Sachs and UBS Warburg.
	www.iii.co.uk /shares?type=news&format=raw&articleid=4644899&action=article (509 words)

	Freshfields lands £3bn Cinven buy-out (Site not responding. Last check: 2007-09-08)
		Cinven splits its work between Ashurst and Freshfields, although Ashurst has usually acted on the bigger deals for the client.
		Cinven and BC Partners, which had initially been bidding separately, won the auction for Amadeus last week, after joining forces to beat three other bidders.
		Clifford Chance (CC) was dropped from advising the second group after Cinven and BC joined forces.
	www.legalweek.com /PrintItem.asp?id=22707 (322 words)

	Scotsman.com Business - Industry - Cinven sells NCP for £555m
		Cinven acquired NCP three years ago, emerging victorious from a three-way tussle with Australian financial services group Macquarie Bank, and Cintra, the Spanish infrastructure development company.
		Cinven bought NCP in 2002 for a total of £820 million, including assumed debt.
		The thrust of Cinven's management strategy over the past three years has been to expand the company into the growing areas of wheel clamping and vehicle removal, and collecting fines from London's congestion charge.
	business.scotsman.com /industry.cfm?id=870202005 (586 words)

	USATODAY.com - Report: AOL moves closer to IPC deal (Site not responding. Last check: 2007-09-08)
		Industry sources said Cinven was pushing hard to lift the price towards 1.3 billion pounds but AOL Time Warner does not want to yield too much ground in what is expected to be the first of many acquisitions in Europe.
		"Cinven have put around one billion pounds into IPC and since their equity is so small, the return-on-equity changes dramatically with every small increase over one billion pounds," one source said.
		Cinven and AOL confirmed Friday that talks are under way about the possible sale of IPC to AOL Time Warner.
	www.usatoday.com /money/media/2001-07-13-aol-ipc.htm (552 words)

	Drivers Jonas - Cinven
		Cinven is one of Europe’s leading private equity providers, which focuses on large European MBOs.
		Cinven are now looking for new premises due to strong increase in headcounts.
		We successfully negotiated a new lease contract taking into account Cinven's needs to keep some flexibility in managing their move from their current premises into the new premises.
	www.driversjonas.com /?doc=6127 (149 words)

	Press Release
		Altice One was founded in 2002 with funds from SG Capital Europe, Pechel Industrie and a group of private investors.
		Cinven will now have a 70% stake in the business with the founding stakeholders holding the remaining 30%.
		Cinven was advised by BNP Paribas and Altice One by Daniels and Associates and Lehman Brothers.
	www.danielsonline.com /news/2005/cinven-altice.html (301 words)

	ASTRAZENECA SELLS SPECIALTY CHEMICALS BUSINESS
		Cinven's and Investcorp's financial backing to this buyout, will provide a platform from which we can continue the rapid development of the business.”
		Cinven is one of Europe's leading private equity firms having led transactions of some £9 billion in the last six years.
		Its objective is to invest in profitable businesses with established, market leading positions, and with strong prospects for growth through further investment and focused management.
	www.astrazeneca.com /pressrelease/267.aspx (636 words)

	UKSG Serials-eNews: Serials-eNews (Site not responding. Last check: 2007-09-08)
		Cinven was founded in 1977 and has been independent and wholly owned by its directors since 1995.
		Candover and Cinven have a long history of supporting management in growing their businesses, both organically and via acquisitions.
		Cinven's most recent deal in the media sector was the acquisition of the healthcare and business publishing activities of Vivendi Universal Publishing in April 2002.
	www.openrfi.com /UKSG/si_pd.cfm?a=1&pid=10&articleid=424 (675 words)

	Cinven backs NFU Mutual bid - The Money Bag (Site not responding. Last check: 2007-09-08)
		Cinven, the venture capital group, is backing the consortium which has looked at a bid to demutualise NFU Mutual Insurance Society, the life and general insurer.
		It was reported at the weekend that Cinven, the private equity firm, was interested in the idea of demutualising the business, but even if nothing comes of that proposal the cat is out of the bag.
		NFU Mutual is the 10th largest insurer in the country, and would be in the FTSE 100 were it floated on the stock market, which casts a long shadow of doubt over the board's claim that any windfall would be only £3,500.
	www.themoneybag.com /vb/showthread.php?t=5594 (503 words)

	European Venture Capital Journal
		Cinven is retaining 16% of the enlarged equity of the group.
		Cinven led the £322m buyout of component manufacturer Dynacast from Coats Viyella in April 1999 and acquired aerospace parts company McKechnie in a £434m public-to-private in August 2000
		N M Rothschild acted as financial advisor to Melrose and Robert W Baird and Morgan Stanley acted as financial advisor to Cinven.
	www.privateequityweek.com /evcj/protected/exitnews/1110466024935.html (230 words)

	[No title] (Site not responding. Last check: 2007-09-08)
		LONDON, Oct 10 (Reuters) - Private equity firm Cinven is considering a bid for Britain's Wyevale Garden Centres (WGC.L: Quote, Profile, Research) and has the support of Wyevale's biggest shareholder if it bids at least 325 million pounds ($573 million), it said on Monday.
		Gnome Acquisitions, a company formed by Cinven, said Laxey Partners Ltd, which owns 27.6 percent of Wyevale, would support its bid for Britain's largest garden centre chain if the offer price was not less than 580 pence per share.
		Analysts said Cinven was likely to win control of the 114-garden centre chain if it bid at 580 pence a share.
	today.reuters.com /business/newsArticle.aspx?type=consumerProducts&storyID=nL10530576 (395 words)

	Bloomberg.com: U.K.
		Cinven is selling the Poole, southern England-based company after buying it for 404 million pounds 27 months ago, the London- based firm said in a statement today.
		Cinven, which raised a 4.4 billion-euro ($5.4 billion) buyout fund in 2002, is selling Fitness First two months after it sold parking lot operator National Car Parks to 3i Group Plc, Europe's biggest publicly-traded buyout firm.
		Cinven has now returned 3 billion euros to investors in the 2002 fund from dividends and asset sales, the company said.
	www.bloomberg.com /apps/news?pid=10000102&sid=aSauf7y9qLMk (265 words)

	Oilspot eNews From FuelQuest: BP to Sell Chemicals Units (Site not responding. Last check: 2007-09-08)
		BP is selling Foseco, a maker of chemicals used in the foundry industry, and Chem-Trend, a company that produces chemicals used in moldings and castings.
		Cinven, one of Europe's biggest buyout companies, and mangers at both BP units will provide the equity, while The Royal Bank of Scotland Group Plc and J.P. Morgan will provide the debt.
		Cinven is raising a new $3 billion fund to spend on European buyouts, one of the largest investment pools in the region.
	www.imakenews.com /dhaugh/e_article000029325.cfm (413 words)

	European Business News (EBN), 97-07-02
		Cinven said the two businesses will continue to be run as separate and independent companies by their respective management teams.
		Cinven said that in due course it will offer equity stakes in the CGE units to leading French institutional investors.
		Citing recent trends, Cinven said future volume growth in U.K. private healthcare is expected to be at least 3%-5% per annum.
	www.hri.org /news/europe/ebn/1997/97-07-02.ebn.html (3921 words)

	PSIRU Company Details
		CINVen was formed in 1988 and bought by its management from British Coal Corporation on 31 October 1995.
		The principle activity of CINVen Ltd is the management of investment funds, which was its activity when it was the British Coal investment fund.
		CINVEN plans to merge General Healthcare with Amicus Healthcare, Britain's fourth largest group which it bought for Pounds 170m from catering groupCompass in December 1995.
	www.psiru.org /companydetails.asp?Companyid=75 (764 words)

	Bloomberg.com: Europe (Site not responding. Last check: 2007-09-08)
		Cinven and BC Partners probably will ``expand Amadeus with acquisitions and then cut costs and sell out,'' said Chris Davison, a buyout industry analyst at Almeida Capital Ltd. in London.
		In November, Amadeus said it was in talks with four groups led by BC Partners, Cinven, Carlyle Group and Citigroup Inc. Shares of Amadeus declined 6 cents at 7.25 euros today in Madrid trading.
		Cinven, which raised a 4.4 billion-euro takeover fund in 2002, owns companies including U.K. gambling company Gala Group Ltd. and German clothing retailer CBR Holding GmbH.
	www.bloomberg.com /apps/news?pid=10000085&refer=europe&sid=akqTOw0tKjFA (773 words)

	Hunton & Williams \| Manufacturing \| Case Highlights
		Cinven, one of the largest private equity issuers in the UK, provided the equity to finance existing management’s buyout in this watershed multinational ‘public to private’ deal.
		Hunton & Williams acted as Cinven’s US counsel and worked as a team with Freshfields, Cinven’s lead counsel in London.
		Cinven’s buy-out of McKechnie was complicated by conflicting aspects of UK tender offer rules, US cross-border SEC rules, HSR requirements and national security clearance.
	www.hunton.com /industries/case_highlight.aspx?in_H4ID=17&gen_H4ID=226 (110 words)

	CANDOVER/CINVEN / BERTELSMANNSPRINGER [2003] ECComm 43 (29 July 2003)
		Cinven is active, via the co-controlled company MediMedia[5], in the field of medical professional publishing aimed at doctors and other professions in the healthcare sector and the proposed transaction will create an overlap within this area by adding BS‘ activities in this field.
		Cinven is active in professional medical publishing in France and Germany through the co-controlled company MediMedia and, as a result of the proposed transaction, would become active in the same markets via the BS business.
		Candover and Cinven must be able to demonstrate to the Commission that the purchaser meets the Purchaser Requirements and that the Divestment Business is being sold in a manner consistent with the Commitment.
	www.worldlii.org /eu/cases/ECComm/2003/43.html (10711 words)

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