Cinven becomes new IFGL majority investor
Cinven has become RL360 owner International Financial Group Limited (IFGL’s) majority investor.
The deal, which was announced last year and sees the international private equity firm succeed Vitruvian Partners, has now received regulatory approval.
Cinven has a strong track-record of investing in companies who want to step-change their growth.
IFGL’s Group Chief Executive David Kneeshaw said: ‘With Cinven, IFGL is now ready to accelerate our ambitious plans for growth. Cinven share our vision for the future and their financial backing means we are ideally-placed to expand significantly through both organic and new market growth and through further mergers and acquisition activity.’
IFGL also owns the Friends Provident International Limited and Ardan International brands.