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Compre
My thanks to Kevin and the Liberty team for their advice and support on this key transaction for us. An important part of the decision to work with Liberty was their swift understanding of our business model and structuring an equity model that worked for both management and our new investors.

Will Bridger
CEO of Compre

Compre

30 noviembre 2020

Liberty advises the management team of Compre on the acquisition by Cinven and BCI.

Liberty Corporate Finance (“Liberty”) advised the management team of Compre, the independent specialist legacy group, on the agreement with Cinven and British Columbia Investment Management Corporation (“BCI”) to acquire the business from existing shareholders CBPE Capital LLP (“CBPE”), Hudson Structured Capital Management Limited and Compre’s management.

Cinven and BCI will become majority shareholders alongside Compre’s management team led by CEO Will Bridger and will provide the additional capital required to meet the business’s ambitious growth plans. Terms are not disclosed.

Founded in 1991, Compre is focused on the acquisition and management of discontinued (aka, “run-off) non-life insurance portfolios. The firm has operations in the UK, Bermuda, Finland, Germany, Malta and Switzerland, and has acquired portfolios from major re/insurers such as Allianz, Generali, HSBC and Swiss Re.

Compre completed 21 transactions in 10 jurisdictions under CBPE’s ownership, including its first in the US, which enabled the group to establish its Bermuda legacy platform. This was the product of a highly productive and collegiate working partnership with CBPE, and is a testament to CBPE’s support, that of other Compre shareholders and the commitment of the Compre team.

Cinven and BCI will support Compre’s existing management team who will continue in their roles and as minority

Liberty advised the management team on the terms of their reinvestment in the acquisition structure.

Congratulations to Will and the Compre team on securing a fantastic partner to support them in this next chapter. I look forward to seeing them evolve over the coming years.

Kevin Palmer
Partner
+44 (0) 7841 468 261
kevin.palmer@libertycf.co.uk