Cinven is a leading European private equity firm with the capabilities to grow portfolio companies globally. It had € 10.6 billion in asset under management as of 31 Dec 15.
Paul supplied an analysis of the ideal target operating model for the Investment Function for Guardian Assurance, which was purchased by Cinven from Aegon in December 2011. This piece of work led to Paul being appointed CIO.
Cinven backed Guardian to roll-up major closed-life books over a four-year ownership period. This culminated in a business with £17 billion of assets, around 900,000 policies and a healthy balance sheet. This made it highly attractive to Admin Re which acquired the business. The sale generated a €1.2 billion (£1.0bn) capital gain for Cinven investors.