The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to the Section 10 of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of the share capital of International Financial Group Ltd by Cinven Capital Management (SFF) General Partner Ltd, via μέσω της Argo Bidco Ltd.
Argo Bidco Ltd is a special purpose vehicle, without previous business activities, which was established to act as an acquisition vehicle for the purposes of this transaction. It is indirectly owned by Cinven Capital Management (SFF) General Partner Limited.
Cinven Capital Management (SFF) General Partner Limited is a company duly registered under Guernsey law. It belongs to the Cinven Group, which is a private equity business and provides investment consulting services and investment advice to a number of investment funds, which, through its portfolio companies, operates in a wide range of sub-sectors, mainly business services, consumer products, financial services, healthcare, industrial and technological services, media services and telecommunications.
International Financial Group Limited is a company duly registered under the law of the Isle of Man. International Financial Group Limited and its subsidiaries form the IFGL Group, which provides investment, savings and protection solutions to international investors based worldwide. Specifically, the IFGL Group is consisted by the following financial divisions: Ardan International, RL360, RL360 Services and Friends Provident International. Ardan International is an independent wealth management platform that allows a wide range of investments through a single point of access, RL360 Insurance Company Limited (RL360) is one of the fastest growing international life companies, RL360 Services deals with the protection of the international life insurance policies of its existing clients and Friends Provident International (FPIL) deals with the international life insurance market.