Eidos Partners financial advisor of CVC Capital Partners in the acquisition of Cerved Group

 

January 2013

 

Eidos Partners announces the completion of the € 1.13 billion acquisition of Cerved by CVC Capital Partners.

Cerved Group (www.cerved.com), located in Milan is an Italian leading provider of business credit information. Cerved, whose history goes back to 1974, was created through the successful integration of 7 companies during 2008‐2011. Cerved provides credit and business information to over 30,000 clients, including 90% of Italian banks and over 80% of Italy's top 1,000 companies. Cerved has the most comprehensive database of corporate information in Italy, including corporate and financial details, payment history, customer and supplier relationships, and proprietary information sourced through its own network of interviewers. With revenues of € 292m in 2012, the Company employs 1,020 people.

The completion of the transaction is subject to customary competition clearances.

CVC Capital Partners invested in the share capital of Cerved Group with the aim to further support the growth of the business both organically and through acquisitions consistently with what the company has done in the past few years. This is in line with Cerved’s strategy of improving quality of services and of innovating the offer to further enhance service to existing and potential customers in this critical area.

 

 

CVC Capital Partners (www.cvc.com) is one of the world's leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 21 offices and some 280 employees throughout Europe, Asia and the US. Currently, CVC manages funds on behalf of over 300 investors from North America, Europe, Asia and the Middle East, who entrust their capital to CVC for periods of 10 years or more. Raised from pension funds, financial institutions and various other partners, CVC Funds seek to identify attractive investments and develop sustainable, long-term value in close partnership with management teams. To date, CVC has secured commitments of over US$ 50billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of around US$ 167billion.

 

Eidos Partners (www.eidospartners.com) is an independent advisory firm specialised in mergers and acquisitions, initial public offerings, debt raising, financial restructuring, financial advisory services and execution of structured finance transactions, including bond issues and derivatives. Eidos Partners Holdings, holding of the Group, is an advisory firm based in UK regulated by the FSA.

 

For further information www.eidospartners.com

 

Transaction Type
Buy side advisory

Transaction Size
Enterprise Value € 1.13bn

Sector
Credit information provider

Riccardo Banchetti
Managing Director
Tel: +39 02 8597.921
riccardo.banchetti@eidospartners.com

Enzo Chiesa
Managing Director
Tel: +39 02 8597.921
enzo.chiesa@eidospartners.com

Valerio Leone
Analyst
Tel: +39 02 8597.9229
valerio.leone@eidospartners.com

Luca Felisati
Analyst
Tel: +39 02 8597.9240
luca.felisati@eidospartners.com