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Maven Capital Partners, Penta Capital back Global Risk Partners

7 Nov 2013

insurance contract formPrivate equity firm Maven Capital Partners has invested £5m in Global Risk Partners (GRP) as part of a £55m round led by Penta Capital.

The newly launched company will be a buy-and-build acquisition vehicle focused on the specialty insurance and reinsurance sectors. It will follow the same strategy as Towergate, which was founded by GRP chairman Peter Cullum.

Maven partner Andrew Ferguson said, “We are delighted to be part of the syndicate backing David, Stephen and Peter. They are an exceptional management team, with an in-depth knowledge of the insurance sector and an unrivalled track record of acquiring and integrating businesses.”

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