
Cinven’s CPA Global buys Innography
Intellectual property software specialist, CPA Global, backed by Cinven, has acquired US-based Innography.
Following the deal, the Innography team will retain its name and be part of the CPA group.
Previous funding
Cinven acquired CPA from ICG and Electra Private Equity in a deal worth $1bn in January 2012.
ICG took a significant minority stake of 47% in CPA in a £440m management buyout in January 2010. The transaction was financed with £175m of senior and mezzanine loans provided by Lloyds, HSBC, Bank of Ireland, Calyon, Bank of Scotland, Ares Capital Europe and ICG itself. Electra invested £14m in the business in July 2010 in the form of mezzanine and equity interests.
Company
Established in 2006, Innography provides big-data analytics for the intellectual property market. It correlates information on 100 million patents worldwide with financial, litigation, market and business data.
The business is based in Austin, Texas.
People
Simon Webster is CEO of CPA. John Martin is CEO of Innography.
Advisers
Company – Portico Capital Securities (M&A).
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