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Compre announces capital raise

15/09/20

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Compre, the leading specialist legacy acquirer, today announces it is reviewing options in relation to raising additional growth capital in light of increased legacy activity, further heightened by Covid-19 and the hardening insurance market. Compre’s current shareholders, leading private-equity firm CBPE Capital, remain committed to the business and support Compre’s management team in its expansive outlook.

The existing team, led by CEO Will Bridger, will remain unchanged and is committed to the growth of the business.

Bridger said: “Now is the time to invest in the legacy market and it gives me great pleasure to be taking this step in our company’s history at such a promising time for legacy acquirers. Legacy has matured through the years and has become a vital part of the industry’s infrastructure. The demand for our solutions has surpassed expectations and Compre is committed to providing bespoke structuring to enable clients to reach their business objectives during this challenging period and beyond.”