Cinven Makes Majority Investment in think-cell

Cinven to acquire majority stake in Euro Techno Com Group from Carlyle

June 3, 2022

Telecommunications

Cinven has entered into exclusive negotiations to acquire a majority stake in Euro Techno Com Group (ETC Group), a France‑headquartered distributor of telecom and technology infrastructure products, from Carlyle. Founder and CEO Cédric Varasteh would retain a significant stake and Carlyle will reinvest as a minority shareholder; the Group has around 1,100 employees and generates more than €1 billion in annual revenues.

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.

Cinven Invests in Nitel

November 18, 2021

Telecommunications

Cinven has agreed to make a significant majority investment in Nitel, a Chicago-based provider of managed internet connectivity, SD-WAN and managed cybersecurity services for multi-site SMEs. Financial terms were not disclosed; the deal is an acquisition from the founders and Cinven intends to support Nitel’s organic growth and buy-and-build strategy to expand into adjacent services.

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 Makes Significant Investment in Drake Software

February 5, 2021

Software

International private equity firm Cinven has agreed to make a significant growth investment in Drake Software, a Franklin, North Carolina–based provider of professional tax preparation software. The capital will support Drake's technology platform renewal, product enhancement, and market expansion while Jamie Stiles remains CEO; financial terms were not disclosed and the deal is subject to customary antitrust approvals.

Cinven Acquires Majority Stake in JAGGAER from Accel-KKR

August 15, 2019

Cloud & SaaS

International private equity firm Cinven has acquired a controlling majority stake in JAGGAER, the global SaaS spend-management and Source-to-Pay provider. Accel-KKR, which took JAGGAER private in 2016 and drove significant growth and add-on acquisitions, retains a minority stake; Cinven said it will support further R&D investment and additional acquisitions to drive growth.