Cinven to Acquire International Financial Group Limited (IFGL)

Cinven to Acquire Finaxy Group from Ardian

September 3, 2024

Financial Services

Private equity firm Cinven has entered exclusive negotiations to acquire the Finaxy group from Ardian, with Finaxy management (led by Founder & CEO Erick Berville) set to significantly reinvest alongside Cinven. Headquartered in Paris, Finaxy is a multi-specialist French insurance broker with over 330 employees and more than €700 million in premiums; Cinven will invest from its Strategic Financials Fund and aims to accelerate Finaxy's buy-and-build growth across France and internationally.

Cinven Acquires Ufinet International

May 14, 2018

Telecommunications

Cinven’s Sixth Fund has agreed to acquire Ufinet International, the international operations of Spanish fibre network operator Ufinet Group, for an undisclosed sum. The investment establishes Ufinet International as a platform for buy-and-build consolidation and further international expansion across Latin America, supporting continued network investment and growth.

Cinven and GIC to Acquire Miller

November 9, 2020

Financial Services

Cinven and GIC have agreed to acquire Miller, a London-headquartered specialist insurance and (re)insurance broker, from Miller’s partners and corporate member Willis Towers Watson. Miller employs more than 640 people across major insurance hubs, places about £2 billion of premiums annually, and the buyers plan to accelerate growth through independent ownership, organic expansion and selective bolt-on M&A.

GIC Acquires Cinven's Stake in Miller

December 11, 2023

Financial Services

Singapore sovereign wealth fund GIC has agreed to acquire Cinven’s shareholding in Miller, making GIC the majority shareholder in the specialist insurance and reinsurance broker. Miller, headquartered in London with more than 900 employees and placing over $3.2bn of premiums annually, was previously acquired by Cinven and GIC from Willis Towers Watson in 2021; Cinven’s sale completes its exit.

Cinven Acquires Majority Stake in Ufinet International

December 21, 2021

Telecommunications

International private equity firm Cinven's Seventh Fund will make a majority investment in Ufinet International for an enterprise value of approximately €2.5 billion. Enel, the incumbent minority co-shareholder, will re-invest a minority stake; the deal supports Ufinet's continued international expansion, network investment and buy-and-build growth across Latin America.

Avid Insurance Acquires Majority Stake in Incorporated Insurance Group Ltd (IIGL)

March 2, 2021

Insurance

Avid Insurance Services Ltd has acquired a majority stake in specialist construction managing general agent Incorporated Insurance Group Ltd (IIGL), with IIGL founder Mike Smith retaining a minority stake and the senior team moving across. The deal increases Avid's gross written premium to about £75m and expands its specialist product lines and underwriting capability in construction, property and SME insurance.