Investment Summary

Exits Partnership Assurance

On June 1, 2013, invested in financial services company Partnership Assurance from Cinven

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United Kingdom.
Investment Fate
  • Partnership Assurance was sold to a strategic buyer in 2015 for 669M GBP.

Investment Summary

Date 2013-06-01
Target Partnership Assurance
Sector Financial Services
Sellers(s) Cinven
Deal Type IPO

Target

Partnership Assurance

London, United Kingdom
website
Partnership Assurance Ltd. is a specialist provider of retirement solutions. The company provides insurance products to individuals who, because of an existing medical condition, have a reduced life expectancy and hence qualify for a higher or enhanced retirement annuity.

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Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
PE ASSETS 37.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe. 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 a minimum enterprise value of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and has offices in Frankfurt, London, Paris, Hong Kong, and Milan.


DEAL STATS #
Overall 90 of 123
Sector (Financial Services) 2 of 4
Type (IPO) 33 of 39
Country (United Kingdom) 60 of 71
Year (2013) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-15 Amdipharm Mercury - AMCo.

Croydon, United Kingdom

Amdipharm Mercury (AMCo) is an international speciality pharmaceuticals company delivering high quality medicines with a customer focus in 112 territories.

Buy £367M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 EnServe Group

Borehamwood, United Kingdom

EnServe Group Ltd. is a provider of infrastructure support services to the Utility sector, operating principally in the UK and with a growing international presence.

Sell -