Cinven, an international private equity firm, and British Columbia Investment Management, one of Canada’s largest institutional investors, agreed to acquire Compre, a specialist global consolidator of closed books of non-life insurance policies, from private equity firm CBPE Capital. Financial terms were not disclosed. "Cinven is delighted to be investing in Compre alongside BCI. Over the last 30 years Compre has built a proven platform in the highly specialised insurance and reinsurance run-off market, and a reputation amongst its clients for consistently creating and realising value. Compre is extremely well placed to access new growth markets, such as the US and Lloyd’s, and to broaden its client offering further. We look forward to working with Compre’s management team to deliver these growth opportunities, drawing on the deep expertise of the Cinven team in the insurance sector," Luigi Sbrozzi, Cinven Partner.