Cinven 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

SLV
3 January 2017

Cinven completes sale of SLV to Ardian

Cinven today announces the completion of the sale of SLV Group (‘SLV'), the German-headquartered provider of residential and technical lighting, to Ardian.

Cinven acquired SLV in May 2011. Cinven's Industrials and German teams identified SLV as an attractive investment opportunity in 2010, developing a close relationship with SLV's management team which led to ‘preferred buyer status'. Cinven's Portfolio team in Asia was integral to assessing the transaction, primarily focused on SLV's Asian supplier network and sourcing strategies. This insight, combined with Cinven's previous investment experience in European asset-light business models, gave Cinven a significant competitive advantage in the process.

Under Cinven's ownership, SLV has grown significantly generating a c.40% increase in sales, reflecting Cinven's well-executed investment strategy. Working closely with management, Cinven has achieved improved product development, the expansion of SLV's footprint in key geographies and the completion of several add on acquisitions.