Mediterra Capital Partners Exits ACP Sigorta to Howden Broking Group (CEE and CIS)
Posted On: 09 Apr 2018 | Source(s): Reinsurance News | Author(s): Matt Sheehan
Turkey-focused private equity fund manager Mediterra Capital Partners has exited its majority stake in Turkey-based insurance and reinsurance brokerage company ACP Sigorta to Howden Broking Group, an affiliate of U.K.-based Hyperion Insurance Group. Mediterra originally invested in ACP in 2014 through Mediterra Capital Partners I. Financial details of the transaction, which is expected to be completed in April 2018, were not disclosed.