CINVEN MOVES TO RESTORE STABILITY WITH NEW FUND, COMPLIANCE PUSH AFTER SCANDALS

Private equity firm Cinven is working to move past recent regulatory and operational challenges, including a £52mn fine for price-gouging at a former portfolio company. Under new co-heads, the firm is closing a €1.5bn mid-market fund and has bolstered its internal legal and compliance team to 17 people. Cinven is preparing for a new flagship fundraise next year while completing major exits, including a €29bn deal for TK Elevator.