Abacai Group partners with CVC Credit in Dayinsure deal

LONDON (Reuters) - Abacai Group, the insurance technology firm recently formed by former Aviva boss Mark Wilson and Sun Capital Partners said on Monday it had bought temporary motor insurance company Dayinsure.

As part of the deal, Abacai said CVC Credit, part of CVC Capital Partners, had become a strategic partner of Abacai and supplied equity and debt financing, both for the acquisition and the group's future development.

Financial details of the deal were not disclosed.

(Reporting by Simon Jessop; editing by Carolyn Cohn)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Next In Others

Snooker: World champion O'Sullivan wins as fans return to Crucible
Soccer-Messi fires Barca to Cup final win over Athletic Bilbao
Soccer-Sheffield United relegated from Premier League after loss at Wolves
Motor racing-Forty somethings could mean vintage year for IndyCar
Soccer-Bayern Munich coach Flick wants to leave at end of season
Reezal speaks out against unfair selection policy of school
Soccer-Bayern move closer to title but Flick says he's leaving
Motorcycling-Quartararo takes pole in Portugal as Bagnaia's lap is cancelled
Soccer-Norwich seal Premier League promotion as rivals drop points
Soccer-West Ham suffer blow to top-four hopes in loss at Newcastle

Stories You'll Enjoy