Private equity firm Cinven has acquired International Financial Group Limited (IFGL) for an undisclosed amount.
Through its new acquisition of IFGL, Cinven stated it believes it can capitalise on the group's cash and capital-generative business model which will allow Cinven the opportunity to widen its product offering. IFGL currently operates through three principal brands: RL360, Ardan International and Friends Provident International. RL360 looks after the personal portfolio bonds and international life policies of customers and has policyholders residing in 170 different countries. Ardan International is an independent wealth management and investment platform, while Friends Provident In...
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