Cinven Makes Strategic Investment in Alter Domus

Alter Domus Acquires Strata Fund Solutions LLC

January 12, 2021

Financial Services

Alter Domus, a Luxembourg-based fund administration and corporate services provider backed by Permira, has acquired Strata Fund Solutions LLC, a Salt Lake City-based fund administrator serving private equity and venture capital funds. The deal expands Alter Domus' North American footprint, adds over 200 fund accounting and administration professionals, and brings complementary technology and a $140 billion assets-under-administration client base to the combined firm.

Cinven Acquires Majority Stake in idealista

June 28, 2024

Real Estate

Cinven has agreed to acquire a 70% majority stake in idealista, the leading online real estate classifieds platform in southern Europe, in a transaction valuing the business at €2.9 billion. Funds advised by Oakley and Apax are selling their holdings, EQT will retain an 18% stake, and founder Jesús Encinar will remain invested and continue to lead the company; CVC Credit provided debt facilities to support the acquisition.

Cinven Acquires Majority Stake in Ufinet International

December 21, 2021

Telecommunications

International private equity firm Cinven's Seventh Fund will make a majority investment in Ufinet International for an enterprise value of approximately €2.5 billion. Enel, the incumbent minority co-shareholder, will re-invest a minority stake; the deal supports Ufinet's continued international expansion, network investment and buy-and-build growth across Latin America.

Alter Domus Acquires Investors Economic Assurance (IEA)

June 21, 2021

Financial Services

Alter Domus has acquired Investors Economic Assurance (IEA), a New York–based specialist in capital administration technology and services. The deal adds 22 specialists and more than $54 billion of assets under administration to Alter Domus, strengthening its Manhattan footprint and technology capabilities through IEA's CapAssure and CapAdministration platforms.

Cinven Makes Majority Investment in True Potential

September 9, 2021

Financial Services

Cinven has agreed to make a majority investment in True Potential, a UK wealth management group headquartered in Newcastle that provides advice, an investment platform and fund solutions. True Potential serves more than 1.4 million retail clients, has over £20 billion AUM, employs more than 350 people and will continue to be led by founders David and Daniel Harrison.

Cinven to Acquire Finaxy Group from Ardian

September 3, 2024

Financial Services

Private equity firm Cinven has entered exclusive negotiations to acquire the Finaxy group from Ardian, with Finaxy management (led by Founder & CEO Erick Berville) set to significantly reinvest alongside Cinven. Headquartered in Paris, Finaxy is a multi-specialist French insurance broker with over 330 employees and more than €700 million in premiums; Cinven will invest from its Strategic Financials Fund and aims to accelerate Finaxy's buy-and-build growth across France and internationally.