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    Home > Finance > Cinven announces departure of two senior executives amid UK pricing probe
    Finance

    Cinven announces departure of two senior executives amid UK pricing probe

    Published by Global Banking & Finance Review®

    Posted on December 17, 2025

    1 min read

    Last updated: January 20, 2026

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    Tags:Appointmentmanagementfinancial communityequityfinancial markets

    Quick Summary

    Cinven's co-managing partner and CFO step down amid a UK pricing probe. The CMA upheld a £51.9 million penalty for excessive drug pricing.

    Cinven Executives Step Down Amid UK Pricing Investigation

    Dec ‌17 (Reuters) - International private equity firm Cinven ‍said on ‌Wednesday co-managing partner Supraj Rajagopalan and chief ⁠financial officer Alex ‌Leslie, who is also the chief operating officer, will step down from their roles and ⁠leave the firm.

    Mike Colato, former CFO who currently serves ​as senior advisor, will take over ‌as interim COO ⁠and CFO, the company said.

    Rajagopalan's departure comes as UK regulators consider asking a court ​to ban him over alleged price-gouging by a drugmaker previously owned by Cinven, the Financial Times reported. He decided to ​leave ‍due to uncertainty ​created by the competition watchdog's investigation, the report said citing people familiar with the matter.

    In May, the Court of Appeal upheld the CMA's finding of excessive and unfair ⁠pricing in the supply of liothyronine tablets in the UK, ​reinstating a penalty of 51.9 million pounds ($69.49 million) on Cinven.

    The company declined to comment on the reason for ‌the management changes.

    ($1 = 0.7469 pounds)

    (Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Krishna Chandra Eluri)

    Key Takeaways

    • •Cinven announces departure of two senior executives.
    • •UK regulators are probing alleged price-gouging by a Cinven-owned drugmaker.
    • •Supraj Rajagopalan and Alex Leslie are stepping down.
    • •Mike Colato to serve as interim COO and CFO.
    • •CMA upheld a penalty of £51.9 million on Cinven.

    Frequently Asked Questions about Cinven announces departure of two senior executives amid UK pricing probe

    1What is a private equity firm?

    A private equity firm is an investment management company that provides financial backing and makes investments in private companies, often through buyouts or venture capital.

    2What is a chief financial officer?

    A chief financial officer (CFO) is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, record-keeping, and financial reporting.

    3What is price-gouging?

    Price-gouging refers to the practice of raising prices on essential goods and services to an excessively high level during emergencies or shortages, often considered unethical or illegal.

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