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Cinven doubles money on sale of lighting business to Ardian

The sale marks Cinven’s second exit of an industrials business in the past month

Cinven has doubled its money on the sale of a German lighting company to Ardian, after the French alternative investment firm fended off rivals to secure the deal.

The London-based buyout firm has agreed to sell SLV Group to Ardian for approximately €800 million, according to a statement released by the firm.

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