According to reports, Texas Pacific and Triton Partners have shown an interest in acquiring 49% of casinos manager Casinos Austria International, with prospective offers said to be in the region of EUR 200m.
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