Mergers: EU Commission clears acquisition of Miller by Cinven and Raffles
The European Commission has approved, under the EU Merger Regulation, the acquisition of Miller Insurance Services LLP of the UK by Cinven Capital Management (SSF) General Partner Limited of Guernsey and Raffles Private Holdings Limited of the UK. Miller is active in the provisions of non-life insurance and reinsurance broking services.
Cinven is a private equity business. Raffles is an investment vehicle ultimately controlled by GIC Private Limited of Singapore, which manages a diverse portfolio of private equity global investments.
The Commission concluded that the proposed acquisition would raise no competition concerns because of the limited market position of Miller in the European Economic Area.
The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10076.
Arianna Podesta – T Maria Tsoni –