Cinven Acquires UK Tech Firm Smart at $1.8 Billion Valuation

Cinven, a leading global private equity firm, has acquired a majority stake in Smart Communications, a UK-based technology company. The transaction values Smart Communications at approximately $1.8 billion. Smart Communications is a cloud-based customer communications management platform that helps enterprises deliver personalized, omnichannel customer communications. The company's solutions are used by over 600 customers across various industries, including financial services, insurance, and telecommunications. The acquisition by Cinven is expected to support Smart Communications' continued growth and innovation, as the private equity firm will provide resources and expertise to help the company expand its global reach and product offerings. The deal marks Cinven's latest investment in the technology sector, as the firm continues to identify and capitalize on opportunities in the rapidly evolving digital landscape. The transaction is subject to regulatory approvals and is expected to close in the coming months.