Sovereign Capital-backed Arachas completed the acquisition of Capital Cover Group.

Sovereign Capital-backed Arachas, a Dublin-based broker, completed the acquisition of Capital Cover Group, an Irish insurance broker. Financial terms were not disclosed. "We are delighted to have concluded this deal with Capital; they are a highly successful company, with a fantastic team, that will fully complement our business. We will continue to grow our company through strong organic growth and further acquisitions of like-minded brokers," Donal Cronin Arachas CEO.