Portfolio company news

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

 

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

ERGO Italia
30 June 2016

Cinven completes acquisition of ERGO Italia

Cinven has today completed the acquisition of ERGO Italia, a Milan-based provider of life and non-life insurance products, for an undisclosed consideration.

Cinven's Financial Services and Italian teams identified ERGO Italia as an attractive platform from which to lead consolidation of the Italian insurance market, the fourth largest and among the fastest growing in Europe. In addition, ERGO Italia has stable cash flow and attractive new business.

Cinven has a strong track record of investing in, growing and consolidating insurance companies in Europe including JRP Group and Guardian Financial Services (UK) and Heidelberger Leben (Germany).

ERGO Italia represents Cinven's ninth investment in life insurance in Europe (including bolt-on acquisitions) and the 14th investment from Cinven's Fifth Fund.