UK - Cinven beats CVC, Terra Firma and BC Partners to BUPA

Cinven has won the battle for BUPA's 26-strong hospital division. The deal weighed in at ТЃ1.44m. Cinven beat off competition from a number of other private equity players with sources citing both the price it was prepared to pay as well as its other investments in healthcare as key to it winning the deal. Terra Firma was amongst those who lost out. Terra Firma's attempt to acquire Alliance Boots earlier this year and participation in the BUPA auction were linked - it had planned a tie-up of the pharmacy side of Boots and the private hospital chain. Citigroup ran the sale process.