On 31 October 2007 Cinven Ltd officially announced that it had acquired Coor Service Management from private equity company 3i. Following the customary scrutiny by the relevant competition authorities, the deal was finalised on 21 December 2007.
Cinven in brief
Cinven is a leading European buyout firm, founded in 1977, with offices in London, Paris, Frankfurt, Milan and Hong Kong. Cinven acquires European-based companies that require an equity investment by its funds of €100 million or more. Cinvens European focus and expertise are complemented by an ability to capitalise on global growth opportunities through the Asian office.
Cinven focuses on six sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials and Technology, Media and Telecommunications (TMT).
Cinven acquires successful, high-quality companies and works with them to help them grow and develop, using proven value creation strategies. Typically, Cinven holds its investments for between four to six years. Cinven takes a responsible approach towards its portfolio companies, their employees, suppliers and local communities,
the environment and society as a whole.
