Cinven completes sale of CPA Global
Cinven today announces the completion of the sale of CPA Global, a leading global intellectual property ('IP') management and technology company, to Leonard Green & Partners, L.P. for an undisclosed consideration.
Cinven acquired CPA Global in March 2012 from a group of IP law firms who had originally established the company, and ICG who held a minority stake. Under Cinven's ownership, CPA Global has been transformed from a more traditional business services provider into a technology-enabled platform. The business achieved strong growth, accelerated its global expansion, completed six bolt-on acquisitions and strengthened its management team.