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Cinven to Tap into On-Demand Buyout Deals to Raise $12 Billion

Word equity on ascending arrow above bar graph of wooden small cubes

Buyout firm Cinven targets at least $12 billion for a new private equity fund, according to Bloomberg.

Cinven, which is a private equity pioneer in Europe, is expected to start gauging investor interest for a euro-denominated global fund after summer.

Cinven’s interest underlines the growing appetite for private equity amid the low-interest rate environment.

The buyout firm, which was founded in the 1970s, has raised about 37 billion euros for investments.

Cinven closed its seventh flagship fund valued at 10 billion euros or $11.8 billion in 2019. In February 2020, the firm participated in a decade record private equity deal in Europe valued at 17.2 billion euros involving Thyssenkrupp’s elevator business.

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