Ziggo‘s major shareholders, Cinven and Warburg Pincus are to further reduce their stake in the company due to strong investor demand. Ziggo is a Dutch provider of entertainment, information and communication through television, Internet and telephony services.
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Private equity firm Cinven has raised 4 billion euros ($5.2 billion) from investors for new deals, writes Reuters. The private equity group started raising its fifth buyouts fund last year, seeking about 5 billion euros to buy companies in Europe.
European private equity firm Cinven has acquired the Amdipharm Group, a family-owned international niche pharmaceuticals business, for a total consideration of 367 million pounds ($589.5 million). Amdipharm will initially operate as a standalone business but Cinven will be looking to merge Amdipharm with its existing portfolio company, Mercury Pharma, which it acquired in September 2012.
Euro-denominated buyout funds, which play a prominent role in CPP Investment Board’s portfolio, have provided some solid returns over the years. But there is one player that shines above the rest, according to the Buyouts performance database.
Private equity firm Waterland has attracted a number of potential buyers for Dutch trust and corporate management business Intertrust Group, writes Reuters. Blackstone, Carlyle and Cinven are buyout houses looking at the deal and could submit bids. Bridgepoint, CVC and 3i have also considered the deal, according to Reuters‘ sources. Reuters – Private equity firm [...]
Private equity firms Warburg Pincus and Cinven said they would cut their stakes in recently listed Dutch cable operator Ziggo in a deal worth about 446 million euros ($546 million), according to Reuters. Ziggo, which competes with Dutch telecoms group KPN and Liberty Global‘s UPC, raised about 800 million euros for its selling shareholders, including [...]
Debt-laden British life insurer Phoenix will get a 200 million pound ($312 million) windfall from a deal to transfer 300,000 retirement policies to private equity-owned rival Guardian Financial Services, according to Reuters. Guardian, taken over by buyout firm Cinven last year as a vehicle for closed life fund consolidation in Europe, said the deal would [...]
Cinven has reached an agreement to acquire a majority stake in Pronet Güvenlik, a provider of security electronic alarm systems in Turkey. Pronet has been acquired from its institutional shareholders including Turkish Private Equity Fund I L.P., advised by Turk Ventures Advisory Limited and Dutch Development Bank. Established in 1995, Pronet is headquartered in Istanbul [...]