M&A Deal Summary

Cinven Acquires Allied Carpets Group

On August 1, 1991, private equity firm Cinven acquired retailer Allied Carpets Group

Acquisition Highlights
  • This is Cinven’s 1st transaction in the Retail sector.
  • This is Cinven’s 3rd transaction in the United States.
Investment Fate
  • Allied Carpets Group went public in 1996.

M&A Deal Summary
Date 1991-08-01
Target Allied Carpets Group
Sector Retail
Buyer(s) Cinven
Deal Type Buyout (LBO, MBO, MBI)

Target

Allied Carpets Group

Orpington, United States
Cinven led the management buyout of Carpetland from the receivers of Lowndes Queensway in August 1991. The business comprised 85 of the best performing carpet stores in the group that went into receivership earlier in the year.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.

DEAL STATS #
Overall 28 of 182
Sector (Retail) 1 of 9
Type (Buyout (LBO, MBO, MBI)) 25 of 78
Country (United States) 3 of 20
Year (1991) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-07-01 Eurocamp

Northwich, United Kingdom

Eurocamp offered self-drive camping holidays with accommodation provided in pre-erected tents or in mobile homes. Primarily based in France, the company was the clear market leader in the UK for the provision of this form of family holiday.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1991-11-01 Midland Independent Newspapers

Birmingham, United Kingdom

In November 1991 Midland Independent Newspapers (?MIN?) was purchased by Cinven and Candover from an American newspaper entrepreneur who needed cash to support other business interests. MIN owned several regional paid-for and free titles, including the Birmingham Post, the Evening Mail and the Coventry Evening Telegraph. Its income derived from newspaper sales and from advertising.

Buy -
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