Cinven

Cinven bought Phadia in 2007 for €1.29 billion at the height of the boom and with a debt multiple of nine times earnings before interest, taxes, depreciation and amortization.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Under Cinven's ownership, Phadia significantly boosted its workforce and expanded outside Europe in Asia and the U.S., where sales have grown 23% a year since 2007.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Despite this, Cinven has made more than three and a half times the cash it put into the deal.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Phadia was cash-generative and in a great position to grow substantially, said Stuart McAlpine , the partner at Cinven who led the deal.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Last year, Cinven bought oncology-focused diagnostic company Sebia for around €800 million from Montagu Private Equity with a view to replicating its success with Phadia, Mr. McAlpine said.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011

Phadia changed hands again in 2007, when British private-equity firm Cinven Ltd. bought it for nearly €1.3 billion $1.8 billion.

Thermo Pursuing Phadia Anupreeta Das 2011

The former health secretary Patricia Hewitt took a consultancy with Alliance Boots seven months after standing down and a £55,000 role with Cinven, which bought 25 private hospitals from Bupa.

Former Labour ministers rushing to take private sector jobs, report finds 2011

Dublin-based Avolon was launched last year with backing from three private-equity firms—Cinven, CVC Capital Partners and Oak Hill Capital Partners—and secured more funding earlier this year from a group of U.S. banks.

Singapore Wealth Fund Gets Into Aircraft Doug Cameron 2011

The U.S. buyout firm emerged as a frontrunner for the company earlier this month ahead of rival bidders including Blackstone Group, Advent International and Cinven Group.

Business Watch 2010

LONDON—Cinven said Thursday it had agreed to sell allergy-testing company Phadia Group to Thermo Fisher Scientific Inc. for €2.47 billion $3.52 billion, in the day's second major acquisition of a privately held pharmaceutical company by a global giant.

Cinven Sells Phadia To Thermo Fisher Marietta Cauchi 2011