Cerved made its debut on the Milan bourse on June 24 2014 with a stock market value of 995 million euros ($1.3 billion). During the placement Cerved has collected approximately euro 490 mln with a market capitalization of approximately 995 million Euros. Banca IMI acted as sponsor and UniCredit as Head of the placement. Mediobanca and JP Morgan were the coordinators of the global offering.
Cerved was founded in 1974 as an information technology company to manage, collect and distribute national databases on behalf of the Veneto Chamber of Commerce. It has grown through the acquisitions of prestigious companies like Databank, Lince, Centrale dei Bilanci, Finservice, Consit, Jupiter and Honyvem. It is now a group capable of providing complete, up-to-date knowledge of the risks and opportunities associated with any business.
The UK-based private equity firm CVC Capital Partners Ltd. had acquired Cerved Group SpA from its private equity owners Bain Capital, LLC and Clessidra SGR S.p.A. for 1.13 billion euros (as reported by BIIA).
Source: Borsa Italiana