The acquisition of international specialist legacy group Compre by private equity firm Cinven and British Columbia Investment Management Corporation (BCI), from CBPE, has successfully closed after receiving all necessary regulatory approvals.

Both Cinven and BCI are now the majority shareholders of Compre; Compre’s management team remain in their current roles and are minority shareholders.

“I am delighted that all regulatory approvals have now been granted, which allows us to press on with new partners Cinven and BCI toward our ambitious growth,” said Compre CEO Will Bridger.

Bridger also said that he is delighted that PartnerRe CEO Emmanuel Clarke and former AXA Belgium CEO Frank Koster will be joining the Compre board as non-executive directors – with Clarke assuming the chairman position.

“My thanks again to CBPE for their continuous support since 2015, which enabled us to build a profitable and sustainable business,” added Bridger. “With Cinven and BCI’s support and investment I look forward to bringing the client-centric approach Compre has built its reputation on across all our markets, making Compre the industry’s legacy partner of choice.”