Linden rejects IPC press claims as 'utter nonsense.' (Cinven director Brian Linden)
Article Abstract:
Media reports of criticism of the process by which IPC Magazines undertook an 860 million pounds sterling buyout from Reed Elsevier are greatly exaggerated, according to Cinven director Brian Linden, who led the buyout. It was alleged that Electra Fleming and at least one other bidder had been promised a second round of bidding on Jan 5, 1998. In fact, Cinven gained exclusivity on Dec 19, 1997. Linden believes that the key element in Cinven's winning bid was deliverability, rather than price.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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Cinven breaks 1 billion pounds sterling barrier: another productive year for Cinven sees the equity arranger confirm its status as the biggest private equity investor in the 1990s, while 3i continues to be the most prolific
Article Abstract:
Cinven has arranged equity deals worth over 1 billion pounds sterling since 1991, with an increasing prevalence of large buy-ins during 1995, such as Wightlink. The sale of the British Rail rolling stock companies started a fierce bidding war, with Candover one of the victorious equity houses. There was a move towards externally-generated transactions in 1995, such as the Angel Train Contracts, involving a consortium of Babcock & Brown, Nomura International and Prideaux & Associates.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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Carlyle united in bid to conquer Europe
Article Abstract:
US-based private equity firm The Carlyle Group has entered the European private equity market with a significant use of teamed purchase finance. Four European offices have been established by Carlyle, with up to $1.1 billion worth of funding available for pan European investment. Carlyle UK managing director Christopher Finn claims the firm will not commit to long term investment in the European market because of the constantly changing nature of business.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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