News & Analysis

Cinven eyes $1bn CPA refinancing

The London-headquartered buyout firm plans to return $285m to investors as part of a dividend recap of its legal outsourcing portfolio company.

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Private equity firm Cinven is poised to conduct a dividend recapitalisation of legal outsourcing business CPA Global as part of a second refinancing.  

Cinven acquired CPA in 2012 for about £950 million, and then refinanced its debt package later that year.  

It is now set to hold a $1 billion refinancing which will allow it to pay out a $285 million dividend, Reuters has reported.

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