Cinven to acquire GNFT

Cinven has agreed to acquire Gas Natural Fenosa Telecomunicaciones. GNFT is a neutral telecom operator providing fibre infrastructure and transmission services to telecom operators in Spain and Latin America leveraging the infrastructure of utility networks.


PSERS to pull alternative investment contracts from public view

In the wake of the publication of 12 limited partnership agreements, the Pennsylvania Public School Employees’ Retirement System has decided to remove alternative investment contracts that were posted prior to 2012 on a publicly accessible database through the state treasurer’s website.

Cinven to sell French diagnostics business – Reuters

Cinven is looking to sell its French diagnostics business Sebia in a deal worth around 1 billion euros ($1.38 billion), the Financial Times reported, writes Reuters. Private equity groups and trade buyers are expected to put in bids for Sebia, which makes testing equipment for identifying diseases such as blood cancer.

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This morning First Read brings you the latest after the weekend including the secrets to venture capital success, pension funds facing a dilemma over private equity cash returns and Quantum Energy targeting $2.5 bln for Fund VI.


Cinven to invest in Visma

Cinven is to invest in Visma, a software and business process outsourcing services business in the Nordic region. Cinven, HgCapital and KKR will be co-lead investors each with a 31.3 percent shareholding in the group. Shareholders will also include Nordic institutional investors Ilmarinen, Storebrand and Visma management.


PE-backed Avolon snares $500 mln

Irish aircraft leasing company Avolon has received a $500 million debt facility. Credit Agricole CIB and Deutsche Bank AG were the joint lead arrangers on the financing. According to the company, the loan will be used to finance new aircraft deliveries in 2014. Avolon is backed by Cinven, CVC Capital Partners and Oak Hill Capital Partners.

Cinven to acquire Medpace in $900 million deal – Reuters

Private equity firm Cinven has agreed to acquire pharmaceutical contract research organization Medpace Inc from buyout firm CCMP Capital Advisors LLC for a little over $900 million, writes Reuters. Cinven and CCMP declined to comment, while a Medpace representative did not immediately respond to requests for comment.

Reuters – Liberty Global Ups Stake in Ziggo

US cable group Liberty Global has increased its stake in Dutch cable operator Ziggo to 28.5 percent, writes Reuters. Liberty, which also holds a controlling stake in Belgian cable operator Telenet and Ziggo’s Dutch rival UPC, acquired its first 12.65 percent of Ziggo when Barclays was left with shares it failed to place for previous […]

EnServe Sells Inenco Group to Vitruvian Partners

EnServe Group, an energy and utility outsourcing business owned by Cinven, has sold its energy division, Inenco Group, to funds managed by Vitruvian Partners, management and Intermediate Capital Group. UK-based Inenco Group services are provided through three specialised brands Inenco, Inenco Direct and NIFES.

Rockwood to Sell CeramTec to Cinven

Rockwood Holdings is to sell CeramTec, its advanced ceramics business to Cinven for 1.49 billion euros ($1.98 billion) subject to customary adjustments. CeramTec, headquartered in Plochingen, Germany, is a global producer of high performance advanced ceramics materials and products.

Cinven Closes Fifth European Buyout Fund

European private equity firm, Cinven has exceeded its target and held a final close for its Fifth European Buyout Fund at 5.3 billion euros ($7.1 billion). The fund has already made investments in three businesses – two business services companies, Pronet and Prezioso, based in Turkey and France, respectively; and UK-based healthcare business, AMCo.

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