Cinven completes acquisition of CPA Global

UK: European private equity firm, Cinven, announced the completion of its acquisition of CPA Global, the leading global provider of intellectual property (IP) management services and software.

The acquisition of CPA Global, headquartered in Jersey, Channel Islands, has received the required regulatory clearances and the approval of the Jersey courts, which sanctioned a new Scheme of Arrangement.

Cinven acquired CPA Global from its previous shareholders, including Intermediate Capital Group (ICG) and the founder shareholders (a number of patent attorneys in the UK and Australia) for an undisclosed consideration.

CPA Global, through its offices worldwide, supports many of the world’s best known corporations and law firms with a range of IP management services and software solutions. Clients include large corporates in sectors such as chemicals, pharmaceuticals, and telecoms with significant patent portfolios arising from research and development activities. CPA Global is also a leading player in the emerging legal services outsourcing (LSO) sector.

The acquisition is in line with Cinven’s strategy of investing in world-class European companies where it can accelerate their growth globally using Cinven’s sector expertise and Asian portfolio capability.

The global patent renewal market has shown considerable growth as corporations are increasing R&D spend with higher volumes of patent applications and demand for renewals. The Asian market has experienced a significant increase, which is expected to continue, particularly in China and Korea. Cinven’s Asian portfolio team is ideally positioned to help deliver growth in this region.