European Commission approves two deals for Ardonagh owners
HPS and MDP are set to add to their insurance portfolio with the acquisitions of Capita Specialist Insurance Solutions and PFP.
HPS and MDP, the owners of Ardonagh Group, are to buy two insurance firms according to competition approval documents from the European Commission.
The Commission approved deals for the private equity firms to buy broker Capita Specialist Insurance Solutions (CSIS) and managing general agent Professional Fee Protection (PFP) which also offers risk management services.
Both deals were for an undisclosed sum.
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Bristol-based CSIS is being sold by Capita Insurance Service Holdings.
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