Quebec investment manager La Caisse says it has partnered with international private equity firm Cinven to acquire U.K.-based Optio Group, a specialty insurance managing general agent platform.
Founded in 2018, Optio originates, underwrites and manages specialty risk on behalf of more than 60 third-party capacity providers.
Terms of the transaction were not disclosed.
Cinven and La Caisse say in a news release that they believe Optio represents a “compelling investment opportunity” based on several attractive characteristics.
Martin Longchamps, La Caisse’s executive vice-president and head of private equity and private credit, says Optio has a differentiated platform serving complex insurance markets, a strong European base and clear international growth potential.
The transaction is subject to regulatory approvals and other closing conditions.
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