Cinven Buys Into Indicus Advisors

Cinven, a pan-European private equity firm, has reportedly acquired a stake in Indicus Advisors, a debt advisory and management business.

According to reports, Cinven has bought a 50% stake in the alternative investment manager, which focuses on European leveraged finance and global structured credit.

Indicus Advisors was established by David Reilly and Ujjava Desai after leaving JP Morgan's global structured credit business in 2006.

Based in London and New York, Indicus has approximately US$1.75bn of assets under management and 17 professional staff.

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Source: Thomson Merger News