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Cinven

Cinven

London, United Kingdom·cinven.com
AUM
€30.0B
Funds
7
vintages 2001–2024
Portfolio
52
Exits
56

Cinven is a London private equity firm with €30.0B AUM, 52 active companies and 56 exits.

Key takeaways
  • ·18 exits in the last 5 years · consistent DPI cadence.
  • ·Average hold across 54 realized deals: 6 years.
  • ·Best return: 3.2x MOIC on CeramTec (2018).
  • ·Fund cadence: ~4Y between vintages · last raise 2024.

Sector breakdown

106 companies
Business Services
15 · 14%
Consumer
12 · 11%
Telecom
12 · 11%
TMT
8 · 8%
Financials
7 · 7%
Healthcare
7 · 7%
MedTech
6 · 6%
Industrials
6 · 6%

Geography breakdown

12 geographies
UK
62 · 58%
France
11 · 10%
US
6 · 6%
Germany
6 · 6%
Spain
5 · 5%
Sweden
5 · 5%
Netherlands
4 · 4%
Italy
2 · 2%

Key facts

HQLondon, United Kingdom
Websitecinven.com

Recent exits

Cinven sold MasOrange to Orange S.A. in 2026 after 6 years.

TK Elevator

Cinven sold TK Elevator to Kone in 2026 after 6 years.

Clario

Cinven sold Clario to Thermo Fisher Scientific in 2026 after 10 years.

STADA

Cinven sold Stada to CapVest Partners in 2026 after 9 years.

Coverage notes

7 funds tracked, 108 portfolio companies (52 active · 56 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Cinven has raised, with its portfolio companies. Hand-checked from public filings.

7 funds
Cinven Fund VIII
Buyout2024€13.2B16 assets

Unrealized

16 held
CompanyEntry
Alter Domus
Business Services · UK
2024
Artefact
Business Services · UK
2025
Domia Group
Business Services · UK
2024
Finaxy
Consumer · France
2024
Flint Global
Business Services · UK
2025
Fressnapf Group
Consumer · UK
2024
Grant Thornton
Financials · UK
2025
idealista
PropTech · UK
2024
Nutrisens
Healthcare · France
2025
Objectway
Fintech · UK
2025
Regenity Biosciences
MedTech · US
2026
Salsify
SaaS · US
2026
Smart Communications
TMT · UK
2025
Universidad Alfonso X el Sabio
Education · Spain
2025
Vitamin Well
Consumer · Sweden
2024
Vitamin Well (partial)
Consumer · Sweden
2024
Cinven Strategic Financials Fund
Buyout2022€1.5B6 assets

Unrealized

6 held
CompanyEntry
Compre
Financials · UK
2021
Finaxy Group
Financials · France
2024
IFGL
Financials · UK
2022
Optio Group
InsurTech · UK
2026
Policy Expert
InsurTech · UK
2025
Sakra
Financials · UK
2023
Cinven Seventh Fund
Buyout2019€10.0B18 assets6 exits

Unrealized

18 held
CompanyEntry
Amara NZero
Business Services · UK
2023
Archer
Business Services · UK
2015
Arxada
Agriculture · UK
2021
Barentz II
Business Services · UK
2019
BioAgilytix
Biotech · UK
2021
Envu
Agriculture · UK
2022
group.One
Telecom · UK
2023
LGC
MedTech · UK
2020
MasMovil
Telecom · Spain
2020
Master Builders Solutions
Construction · UK
2023
National Seating & Mobility
Healthcare · UK
2019
OMNES Education
Business Services · UK
2019
Restaurant Brands Europe
Hospitality · UK
2021
RTB House
TMT · UK
2019
Taxwell
TMT · UK
2021
think-cell
TMT · UK
2021
True Potential
Fintech · UK
2022
Ufinet International II
Telecom · UK
2022

Realized

6 exits
CompanyEntryExitTypeBuyerMOIC
Arcaplanet
Consumer · Italy
20222024Trade SaleFressnapf Group–
MasOrange
Telecom · UK
20202026Trade SaleOrange S.A.–
Miller
Industrials · UK
20212024Trade SaleGIC–
Netceed
Telecom · UK
20222025SecondaryPemberton Asset Management / Blue Owl Capital / Hayfin Capital Management–
Nitel
Telecom · US
20212024Trade SaleComcast Business–
TK Elevator
Industrials · UK
20202026Trade SaleKone–
Cinven Sixth Fund
Buyout2016€7.0B7 assets10 exits

Unrealized

7 held
CompanyEntry
Accumin
Business Services · UK
2016
Allegro
E-commerce · UK
2017
JLA
Business Services · UK
2018
NewDay
Fintech · UK
2017
PPF
Consumer · UK
2018
Springer
Healthcare · Germany
2015
USP
Healthcare · Netherlands
2018

Realized

10 exits
CompanyEntryExitTypeBuyerMOIC
Chryso
Construction · France
20172021Trade SaleSaint-Gobain–
Clario
HealthTech · UK
20162026Trade SaleThermo Fisher Scientific–
Envirotainer
Logistics · UK
20182022SecondaryEQT and Mubadala–
HBX Group
Business Services · UK
20162025IPO––
Jaggaer
TMT · US
20192024SecondaryVista Equity Partners–
Kurt Geiger
Consumer · UK
20162025Trade SaleSteve Madden–
One.com
Telecom · Denmark
20192023Continuation VehicleCinven Fund VII / Ontario Teachers Pension Plan–
Planasa
Consumer · Spain
20182024Trade SaleEW Group–
Stada
Pharma · UK
20172026SecondaryCapVest Partners–
Viridium Gruppe
InsurTech · Germany
20172025Trade SaleAllianz / BlackRock / T&D Holdings / Generali / Hannover Re–
Cinven Fifth Fund
Buyout2012€5.3B3 assets19 exits

Unrealized

3 held
CompanyEntry
Host Europe
Cloud Infrastructure · UK
2013
Labco
MedTech · France
2015
Synlab
MedTech · UK
2015

Realized

19 exits
CompanyEntryExitTypeBuyerMOIC
AMCo
Pharma · UK
20122015Trade SaleConcordia Healthcare Corp.–
Camaieu
Consumer · France
20132016SecondaryArdian and Centerbridge Partners–
CeramTec
Industrials · Germany
20132018SecondaryBC Partners / PSP Investments / Ontario Teachers3.2x
CPA Global
LegalTech · UK
20122020Trade SaleClarivate Analytics–
EnServe
Business Services · UK
20122016SecondaryRubicon Partners–
Guardian Financial Services
Financials · UK
20112015Trade SaleAdmin Re (Swiss Re)–
Klockner Pentaplast
Industrials · Germany
20012007SecondaryBlackstone–
Medpace
Healthcare · US
20142017Trade SaleMedpace Holdings Inc.–
Northgate Public Services
TMT · UK
20142018Trade SaleNEC Corporation–
Premium Credit
Fintech · UK
20152022SecondaryTowerBrook Capital Partners–
Prezioso Linjebygg
Construction · Norway
20142016Trade SaleAltrad Group–
Pronet
Business Services · Turkey
20122018Trade SaleSecuritas–
Sebia
MedTech · France
20142017SecondaryMontagu Private Equity / Astorg Partners2.4x
SLV
Consumer · Germany
20142016SecondaryArdian–
Tractel
Industrials · France
20152022Trade SaleAlimak Group–
Ufinet International
Telecom · Spain
20142019Continuation VehicleCinven Fund VI / Antin Infrastructure (Spain)–
Unique Pub Company
Hospitality · UK
20122015Trade SaleEnterprise Inns–
Visma
SaaS · Norway
20142017SecondaryHgCapital / GIC / Montagu / ICG–
Ziggo
Telecom · Netherlands
–2013IPOPublic markets–
Cinven Fund IV
Buyout2006€4.4B0 assets14 exits

Realized

14 exits
CompanyEntryExitTypeBuyerMOIC
Ahlsell
Construction · Sweden
20062012SecondaryCVC Capital Partners–
Amadeus
TMT · Spain
20052010IPO––
Avio
Aerospace & Defence · Italy
20062013Trade SaleGE–
Avolon
Aerospace & Defence · Ireland
20102016Trade SaleBohai Leasing–
CBR
Industrials · Netherlands
20072007SecondaryEQT V–
Coor
Business Services · Sweden
20072016IPO––
Eutelsat
Telecom · France
20072012Trade SaleAbertis Telecom S.A. and Lehman Brothers International (Europe)–
Gondola
Hospitality · UK
20072015SecondaryHony Capital and Bridgepoint–
Jost
Mobility · Germany
20082017IPO––
Just Group
Financials · UK
20082017Secondary––
Numericable Group
Telecom · France
20052016Trade SaleAltice–
Partnerships in Care
Healthcare · UK
20052014Trade SaleAcadia Healthcare–
Phadia
MedTech · Sweden
20102011Trade SaleThermo Fisher Scientific Inc.–
Spire Healthcare
Healthcare · UK
20072014IPO––
Cinven Fund III
Buyout2001€2.2B0 assets7 exits

Realized

7 exits
CompanyEntryExitTypeBuyerMOIC
Fitness First
Hospitality · UK
20032005SecondaryBC Partners–
Frans Bonhomme
Construction · France
20002003SecondaryApax Partners–
Gala Coral
Consumer · UK
20032010SecondaryApollo Management and other mezzanine lenders–
HEG
Telecom · UK
20032016Trade SaleGoDaddy Inc.–
Maxeda
Consumer · Netherlands
20042015SecondaryArdian and GoldenTree Asset Management–
MediMedia
TMT · US
20022006SecondaryVestar Capital Partners–
NCP
Business Services · UK
20032005Secondary3i–

Other portfolio companies

2 more Cinven investments not tied to a tracked fund.

About Cinven

Cinven is a leading European private equity firm with €30.0 billion of assets under management as of December 2024, headquartered in London with offices in Paris, Frankfurt, Madrid, Milan, Luxembourg, New York and Hong Kong. The firm was founded in 1977 originally as the in-house investment arm of the British Coal Pension Fund, before becoming fully independent in 1995 through a partner-led management buyout. Cinven remains partner-owned and is one of the longest-established institutional private equity platforms in Europe with a 48-year continuous investment track record.

Investment thesis

Cinven deploys capital from successive flagship buyout funds into European mid and large-cap companies with enterprise values typically between €500 million and €5 billion, with equity tickets of €100 million to €1 billion per transaction. Sector focus spans Business Services, Consumer, Financial Services, Healthcare, Industrials, TMT and Education, with dedicated sector teams driving thematic origination across the platform. The firm emphasises operational value creation through portfolio improvement initiatives and selective build-up M&A strategies across multiple cycles.

Recent activity

Recent realised exits include Clario (healthcare, 2026), MasOrange (TMT, 2026), STADA (healthcare, 2026 partial), Kurt Geiger (consumer, 2025), Netceed (TMT, 2025) and Viridium Gruppe (financials, 2025), demonstrating strong 2025-2026 distribution momentum across multiple sectors. The platform tracks 8 funds, 48 active portfolio companies and 53 realised exits, with the latest flagship vintage actively deploying capital across European target geographies.

Portfolio platforms backed by Cinven made 36 researched add-on acquisitions during its ownership.

Frequently asked questions

How many portfolio companies does Cinven have?
Cinven has 52 active portfolio companies and 56 completed exits and 7 funds tracked on GP Intel.
Where is Cinven headquartered?
Cinven is headquartered in London, United Kingdom.
What is Cinven's assets under management?
Cinven manages approximately €30.0B in assets under management.
What are Cinven's recent exits?
Recent realized exits by Cinven include: MasOrange (2026) to Orange S.A.; TK Elevator (2026) to Kone; Clario (2026) to Thermo Fisher Scientific; STADA (2026) to CapVest Partners; Netceed (2025) to Pemberton Asset Management / Blue Owl Capital / Hayfin Capital Management; Kurt Geiger (2025) to Steve Madden; Viridium Gruppe (2025) to Allianz / BlackRock / T&D Holdings / Generali / Hannover Re; Arcaplanet (2024) to Fressnapf Group.
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Last updated October 2026 · Sourced from public filings · Report an issue