UK - Vitruvian Partners acquires CIG

The transaction reportedly generated £40m for the vendor Skipton, who decided that CIG was no longer a core asset to its business.

CIG was founded in 2000. The company employs more than 600 people and has an annual turnover of £50m, recording profits in 2008 of £5m. Vitruvian is expected to help CIG explore new markets and geographies to expand the company.

Vitruvian will hold a seat on CIG's board.

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• Buyouts
• UK / Ireland