Investment Summary

Cinven Invests In Nitel

On November 18, 2021, private equity firm Cinven invested in information technology company Nitel

Investment Highlights
  • This is Cinven’s 4th transaction in the Information Technology sector.
  • This is Cinven’s 18th transaction in the United States.
  • This is Cinven’s 1st transaction in Illinois.

Investment Summary
Date 2021-11-18
Target Nitel
Sector Information Technology
Investor(s) Cinven
Deal Type Stake Purchase

Target

Nitel

Chicago, Illinois, United States
Nitel is a provider of internet connectivity and networking technology services to multi-site small and medium-sized enterprises (‘SMEs’). The Company has a portfolio of communications solutions and a modern platform which delivers reliable, high-performance services to its customers. Nitel was founded in 2003 and is based in Chicago, Illinois.

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Investor(S) 1

Investor

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 174 of 184
Sector (Information Technology) 4 of 4
Type (Stake Purchase) 5 of 5
State (Illinois) 1 of 1
Country (United States) 18 of 20
Year (2021) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 True Potential Wealth Management

Newcastle Upon Tyne, United Kingdom

True Potential Wealth Management is a financial services group in the UK. The financial services group provides technology and business support services to UK financial advisers and wealth management services for private individuals. True Potential Wealth Management was founded in 2007 and is based in Newcastle Upon Tyne, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 IFGL

Isle of Man, United Kingdom

IFGL is a specialist international life assurance provider, offering a range of savings and investment products within a life assurance wrapper, affording capital protection and investment flexibility. IFGL was founded in 2009 and is based in Isle of Man, United Kingdom.

Buy -
Mergr

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Company

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