M&A Deal Summary

Cinven Acquires CPA Global

On January 19, 2012, private equity firm Cinven acquired information services company CPA Global from Intermediate Capital Group and Electra for 950M GBP

Acquisition Highlights
  • This is Cinven’s 1st transaction in the Information Services sector.
  • This is Cinven’s 19th largest (disclosed) transaction.
  • This is Cinven’s 1st transaction in Channel Islands.
Investment Fate
  • CPA Global was sold to a consortium of financial buyers in 2017.
  • CPA Global merged with another company in 2020.

M&A Deal Summary
Date 2012-01-19
Target CPA Global
Sector Information Services
Buyer(s) Cinven
Sellers(s) Intermediate Capital Group
Electra
Deal Type Secondary Buyout
Deal Value 950M GBP
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory)
BDO Capital Advisors LLC (Financial)
Travers Smith
DLA Piper (Legal)

Target

CPA Global

Jersey, Channel Islands
CPA Global is an intellectual property (IP) management and technology company serving over 10,000 customers and connecting millions of global IP users every day. CPA Global was founded in 1969 and is based in Jersey, Channel Islands.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

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 124 of 184
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 21 of 56
Country (Channel Islands) 1 of 1
Year (2012) 1 of 5
Size (of disclosed) 19 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-24 Guardian Financial Services

Lancashire, United Kingdom

Guardian Financial Services Ltd. is a provider of insured Life and Pensions products for over 180 years.

Buy £275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 Ahlsell

Stockholm, Sweden

Ahlsell is a distributor of heating & plumbing and electrical installation products. The company is focused on five core markets: Heating & Plumbing, Electrical, Tools & Machinery, Refrigeration and DIY, and has built leading market positions in a number of these sectors across the Nordic region. Ahlsell's diversified customer base has access to over 125,000 products from the company's 216 outlets across the region and can access a further 200,000 products from Ahlsell's suppliers. Ahlsell was founded in 1877 and is based in Stockholm, Sweden.

Sell €1.8B

Seller(S) 2

SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 126 of 217
Sector (Information Services) 2 of 6
Type (Secondary Buyout) 54 of 83
Country (Channel Islands) 1 of 1
Year (2012) 1 of 9
Size (of disclosed) 11 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-28 Petroplus Holdings AG

Zug, Switzerland

Petroplus Holdings AG is an independent refiner and wholesaler of petroleum products based in Zug, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-23 Ventura Motors

Dandenong, Australia

Ventura Motors provides shipping and transport in Australia. Ventura Motors was founded in 1924 and is based in Dandenong, Australia.

Buy -
SELLER

Electra

London, United Kingdom

Investor

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.

DEAL STATS #
Overall 14 of 32
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 10 of 16
Country (Channel Islands) 1 of 2
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-19 Volution

Crawley, United Kingdom

Volution is a manufacturer and distributor of ventilation products. The company operates through two divisions: the Ventilation Group, which primarily supplies ventilation products for residential and commercial construction applications in the UK, the Nordics, the Benelux countries and Germany; and Torin-Sifan, which supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe. Volution Group was founded in 2014 and is based in Crawley, England.

Sell £163M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Peverel Services

Hampshire, United Kingdom

Peverel Groupis a property management services businesses. Starting as a specialist in retirement housing more than 25 years ago, Peverel has grown to embrace functions such as security systems, telecare and telehealth, insurance services and general residential property management.

Buy £62M
Mergr

Product

Company

Legal