Cinven, an international private equity firm, and Candian investment manager, British Columbia Investment Management Corporation (BCI), have announced the acquisition of Compre for an undisclosed sum.
Founded in 1991, Compre employs roughly 80 people across the UK, Europe, and Bermuda, and has previously acquired portfolios from well-known institutions including Allianz, Generali, HSBC, and Swiss Re.
The transaction will be completed in Q2 2021, subject to regulatory approval, and marks the “next phase of growth” for Compre.
Will Bridger, CEO at Compre, said: “This was made possible through the commitment of everyone at Compre and our drive and determination for what we do.
“The legacy market is on an exciting trajectory and, together with our new shareholders, we will be best placed to deliver the ambitious plan we have for Compre.”