Compre, the international specialist legacy group, today announces the successful completion of its acquisition by private equity firm Cinven and British Columbia Investment Management Corporation (“BCI”), having received all necessary regulatory approvals.
Cinven and BCI are now the majority shareholders alongside Compre’s management team who remain in their roles and as minority shareholders.
Compre CEO Will Bridger said: “I am delighted that all regulatory approvals have now been granted, which allows us to press on with new partners Cinven and BCI toward our ambitious growth.
I am also delighted that former PartnerRe Chief Executive, Emmanuel Clarke and former CEO of AXA Belgium Frank Koster will join our Board as Non-Executive Directors with Emmanuel also assuming the position of chairman of the Group. I have no doubt that their long and deep insurance expertise will be invaluable to us as we grow.
My thanks again to CBPE for their continuous support since 2015, which enabled us to build a profitable and sustainable business. With Cinven’s and BCI’s support and investment I look forward to bringing the client-centric approach Compre has built its reputation on across all our markets, making Compre the industry’s legacy partner of choice.”