Home » Company » Bain Capital » Value of Business Information: CVC Capital to Buy Cerved For 1.13 Bn Euros in Deal Valued at 3.87 Times Revenue

Value of Business Information: CVC Capital to Buy Cerved For 1.13 Bn Euros in Deal Valued at 3.87 Times Revenue

Cerved Logo200UK-based private equity firm CVC Capital Partners Ltd. agreed to acquire Italian based Cerved Group SpA from its private equity owners Bain Capital, LLC and Clessidra SGR S.p.A. for 1.13 billion euros.  The completion of the deal is subject to customary competition clearances.

Cerved is a leading business information supplier with 2012 revenues of Euro 292 million, 30,000 clients, including 90 percent of Italian banks and over 80 percent of Italy’s top 1,000 companies.

Cerved Group was formed in 2009 by its private equity owners by acquiring non-core assets from a group of Italian banks. The group is made up of Cerved BI, Lince, Centrale dei Bilanci, Databank, Finservice, Jupiter e Consit.  Cerved has a comprehensive database of corporate information in Italy, including corporate and financial details, payment history, customer and supplier relationships, and proprietary information sourced through its own network of interviewers.  .

Source:  RTT News

Cerved has recently entered in a joint venture with Experian to create a consumer credit bureau in Italy.  Source: BIIA Company News

One comment

Leave a Reply