Cinven said to be carrying out beauty parade for potential £2 billion sale of CPA Global - sources - part 2
"People close to the situation" have reached out to little old Betaville with some more information on CPA Global, the £2 billion patent management company I wrote about last week and also in last weekend's The Sunday Times.
According to these "people", Cinven is in the "early stage" of studying "options" for CPA, which is expected to generate around £150 million in operating profits (or EBITDA if your a banker) in 2016/2017.
Apparently, CPA has "achieved high single digit revenue growth and double digit EBITDA growth consistently over the last 8 years in constant currency terms" and most of the growth has been "organic" despite the company laying out a series of acquisitions on its website.
It's just a shame these "people close to the situation" didn't provide any of this information before the articles were published.....