Cinven to Acquire International Financial Group Limited (IFGL)
February 1, 2022
Cinven, the international private equity firm, has reached an agreement to acquire International Financial Group Limited (IFGL), a life insurer headquartered in the Isle of Man that administers £19 billion of assets and employs more than 550 people. IFGL operates the RL360, Ardan International and Friends Provident International brands; financial terms were not disclosed and Cinven said it plans to support IFGL's buy-and-build strategy, product expansion and international growth.
- Buyers
- Cinven
- Targets
- International Financial Group Limited (IFGL)
- Industry
- Financial Services
- Location
- Isle of Man
- Transaction Type
- Buyout
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