Cinven becomes new IFGL 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.