Los Angeles Fire and Police Pension System (LAFPP), the $23bn pension fund, is set to approve a new three-year contract with RKV for general investment consulting services, including private equity consulting.
Fund targets companies active in the ready-to-wear, cosmetics, jewellery, accessories, health and lifestyle sectors
This is Cinven VII's third acquisition following the purchase of LGC and Thyssenkrupp Elevator
Buyer is wholly acquiring the company for a debt-free purchase price of around €13.6m
Round follows the company's €24m series-D in November 2019, also backed by Wellington and HBM