Portfolio company news

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

 

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

Premium Credit
27 February 2015

Cinven completes acquisition of Premium Credit

Cinven has today completed the acquisition of Premium Credit (‘Premium Credit' or ‘the Company'), the UK specialty finance provider, for an enterprise value of £462 million.

Cinven's Financial Services team identified Premium Credit as an attractive investment opportunity on the basis of its market leading position within the UK, its attractive and diversified customer base, broad distribution network and good customer service reputation. The Company has a track record of strong financial performance, excellent risk management capabilities and a well-invested IT platform.

The Company is well positioned as a platform from which to execute a strategy of building a diversified UK specialty finance business through organic expansion into new products and selective acquisitions.

Premium Credit represents the eleventh investment from Cinven's Fifth Fund.