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Cinven wraps Fifth Euro Buyout Fund

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June 13
10:20 AM 2013

Cinven, a European private equity company, recently reported its final close of Eur5.3 billion ($7.1 million) for its  Fifth European Buyout Fund, a figure in excess of the firm's initial target. The buyout fund has already invested in three companies - AMCo., a United Kingdom-based healthcare firm, Pronet from Turkey, and French firm Prezioso.

The Fifth European Buyout Fund is the biggest pool of capital currency for buyouts in Europe.

Cinven's Fourth Fund was a success in the IPO. The company also had partial realization of non-standard annuity provider Partnership Assurance Group plc (PAG). The firm was recently admitted to the London Stock Exchange last June 12.

Cinven's track record boasts of successful investments in businesses dealing with financial services.  The company acquired EUR6 billion of investor value since 2011.

"The final closing of our Fifth Fund reflects the confidence our investors have in Cinven's ability to capitalise on our sector insights and invest this fund in European- centric businesses," said Alexandra Hess, Partner of Cinven Partners LLP.

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