Cinven Invests in Pronet (CEE and CIS)

Source: Cinven

European private equity firm Cinven has announced that it has reached an agreement to acquire a majority stake in Pronet Güvenlik, a provider of security electronic alarm systems in Turkey. Cinven is purchasing its stake from Turkish private equity firm Turkven and the Dutch development bank FMO. The transaction, the financial details of which were not disclosed, is subject to regulatory clearances.