Cinven and La Caisse acquire Optio Group
The London-based MGA originates and manages more than 30 specialty risk lines for 60-plus capacity providers, spanning 18 offices in 15 countries, in an exit from Preservation Capital Partners.
Takeaways
- Optio Group is a specialty insurance managing general agent.
- Cinven and La Caisse is acquiring Optio Group.
- The target serves specialty insurance across United Kingdom.
Preservation Capital Partners has sold Optio Group to Cinven and La Caisse, forming a new specialty insurance platform for the consortium.
The London-based managing general agent originates and underwrites more than 30 specialty risks across six business lines for over 60 third-party capacity providers, with 18 offices in 15 countries.
Cinven and La Caisse had been tracking the company for more than two years and plan to support organic growth and M&A in a fragmented market.
Cinven brings experience from prior insurance investments including Compre, Miller and Policy Expert.
CEO Deepak Soni will continue to lead Optio.
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