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Synopsis
Perwyn, a private equity investor, completed the acquisition of Atec Group, a digital distributor of specialist personal lines insurance products, from Kester Capital, a private equity investor. Financial terms were not disclosed. “We are delighted with the investment from Perwyn. It is a ringing endorsement of the business we have successfully built and our future strategy. We have been highly impressed by the Perwyn team who share in our vision to continue the organic growth trajectory we’ve been on and to accelerate our development through strategic M&A," Brendan Devine, Atec CEO.
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