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New Deal


Announced

Completed

Cinven completed the acquisition of a majority stake in True Potential.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

Friendly

Majority

Single Bidder

Acquisition

Asset Managers and Custodians

Domestic

asset and wealth management

United Kingdom

Completed

Synopsis

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Cinven, a private equity investment firm, completed the acquisition of a majority stake in True Potential, an operator of an integrated investment and wealth management technology platform. Financial terms were not disclosed. “The combination of Cinven’s longstanding track record in both Financial Services and TMT, along with True Potential’s strong management team and integrated business model, will support the company’s future growth. In particular, this transaction will enable continued investment in True Potential’s financial adviser recruitment and its technology platform," Caspar Berendsen, Cinven Partner.

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