Cinven preps for NSM sale
By HME News Staff
Updated 10:06 AM CDT, Tue August 6, 2024
NASHVILLE, Tenn. – Cinven has engaged sell-side advisers Harris Williams and Morgan Stanley as it prepares to sell National Seating & Mobility, PE Hub reports. The London-based private equity firm, which bought NSM in 2019 for a reported $850 million, plans to put the company up for sale sometime after Labor Day, it reports. Previously, NSM was owned by Court Square Capital Partners from 2016-19 and by Wellspring Capital Management from 2012-16. Under Cinven, NSM entered the Canadian market and grew its presence there to 23 locations. The company named Crispin Teufel as CEO in November.
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