PE firm Cinven ups latest LBO fund to €5.3bn
Private equity firm Cinven has raised €5.3bn for its new European buy-out fund. The fund, Cinven’s fifth, originally closed in March 2013 on reaching its €5bn target. It has since been extended to allow several other investors to participate.
The additions came from a small number of existing and limited partnership investors unable to make the March deadline, said a spokesperson for Cinven on Thursday.
Cinven has so far drawn about 16% of the money raised in March to invest in British healthcare group AMCo, Turkish
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