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Cinven – Sale of Ufinet

Pan-European private equity firm, Cinven, has sold Ufinet Group to Antin Infrastructure for €2,000m. Cinven is believed to have earned a gross 6x return and 61% IRR, representing a capital gain of more than €1,100m. Ufinet is a Spanish fibre optic network operator with an EBITDA CAGR of 25% over the last three years.