BlackFin Capital Partners acquires CED Group

Transaction summary

ROTTERDAM, December 22, 2017 – CED Group, the full-service European claims management provider, gets a new owner. Private equity fund BlackFin Capital Partners (“BlackFin”), a leading European investment company focusing on the financial sector, with offices in Paris, Brussels and Frankfurt, is the intended new shareholder. An agreement-in-principle was reached with the six largest current shareholders on 22 December 2017. In the coming weeks, the Works Council will be asked for advice and the other shareholders will be invited to sell their shares to BlackFin Capital Partners. BlackFin will work with CED to strengthen its drive towards more innovation and technology-supported services. The change of ownership has no direct consequences for operational management and employees.

Official press releases: BlackFin and CED Group

Emendo Capital acted as exclusive financial adviser to BlackFin.

About CED Group

CED has a clear vision: we protect and maintain what people value. Our 1,500 employees in 14 countries deliver on this promise – to clients in the insurance sector, real estate enterprises, housing corporations, lease companies, health care providers, large corporations and governments. The strength of CED lies in our integrated proposition, which spans prevention, emergency response, claims handling and repair. It’s what makes CED a full-service provider. Or, better still, a value specialist.

For additional information on CED Group, visit ced.group.

About BlackFin

BlackFin Capital Partners is a sector-focused fund, specialising in Financial Services across Europe. BlackFin’s investment strategy focuses on asset-light businesses in the financial services & technology sector, across continental Europe. Businesses of interest to BlackFin include asset-management, institutional and retail brokerage, distribution of insurance and banking products, both digital and through traditional channels, payments processing, debt management and collection, fund administration, business process outsourcing and financial technology in a wide sense.

BlackFin manages € 800m through two financial services growth / buyout funds and one FinTech focused venture capital fund. BlackFin Capital Partners is a fully independent firm, run by its four founding partners who have worked together as managers and entrepreneurs in the financial industry for decades. Altogether the team is made up of 25 experienced professionals operating out of offices in Paris, Brussels and Frankfurt.

For additional information on BlackFin, visit blackfincp.com.