Cinven sells EnServe
European private equity firm Cinven today announces that it has fully realised its investment in EnServe Group ('EnServe' or 'the Group'), the infrastructure support services provider to the utility sector, following the sale of the business to Rubicon Partners and Grovepoint Capital for an undisclosed amount. The sale of the Group completed on 15 January 2015.
Cinven acquired EnServe in a public to private transaction in December 2010. During its ownership, Cinven successfully realised the disposal of the Group's non-core divisions and executed a growth strategy in the Group's core services.
DC Advisory acted as the exclusive financial advisor to Cinven on this transaction.