Cinven lines up £430m buyout financing

Cinven has lined up HSBC and JPMorgan to provide one of the largest European buyout financings of the year so far

Cinven has lined up HSBC and JPMorgan to provide one of the largest European buyout financings of the year so far for its acquisition of a patent management company.

HSBC and JPMorgan have fully underwritten a £430m financing package to back Cinven's £950m secondary buyout of CPA Global from Intermediate Capital Group. The deal is expected to be signed later today, a person close to the matter said.

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