Milestone Capital has sold Compre Limited to CBPE Capital
Lincoln International (“Lincoln”), a leading global mid-market investment bank, has announced the sale of Compre, a leading independent European run-off (re)insurance legacy specialist, to CBPE Capital (“CBPE”), a U.K.-based mid-market private equity firm. The transaction is subject to regulatory approval.
Compre is a leading independent (re)insurance legacy specialist focused on the acquisition and management of discontinued non-life insurance and reinsurance business. It is headquartered in the U.K. and operates across Germany, Switzerland, the Nordics and the U.K.
CBPE is backing the existing management team, led by Nick Steer, which will remain unchanged as a result of the investment. CBPE will look to invest additional equity to support the acquisition of new business either by way of acquiring further European insurance carriers or by way of portfolio transfers from (re)insurers.
Lincoln acted as the exclusive financial advisor to Compre and its shareholders, including Milestone Capital. Lincoln worked closely with the management team and shareholders, providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction.
Nick Steer, CEO of Compre, noted, “Lincoln provided a seamless service across its U.K. and German transaction team, and we are delighted to have secured the support of CBPE.”
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