Deal: Buy-out of IPC
Amount: £860 million
Announced: January 5
Lead equity sponsor: Cinven
In late December 1997, Cinven, one of the largest independent private equity investors in Europe, ran a spoof advert in the financial papers boasting that no firm had closed more deals on Christmas day than it had. It was meant as a joke. No-one has ever closed a major acquisition on Christmas day. But the joke almost backfired as Cinven came close to that unenviable distinction with its £860 million ($1.4
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
