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Milestone Capital adds two new recruits to the Compre board
12th October 2011
Milestone Capital Partners LLP (“Milestone”), the Anglo-French private equity firm, is pleased to announce the recruitment of George Boden as non-executive Chairman and Charles Singh as Group Finance Director to the Compre Group board.
George Boden brings with him a wealth of experience in the insurance broking and financial services industry and previously led the successful private equity backed buy-out of SBJ brokers.
Charles Singh joins Compre from rival run-off acquirer and service provider, R&Q, where he was the Chief Financial Officer of the Insurance Investments Division.
Philip Conboy, Partner at Milestone commented:
“We are delighted to be able to announce the hiring of two such experienced and well respected individuals who have proven track records. This highlights the ambition we have for the business and the opportunity that we believe exists within the insurance run-off sector.”
About Milestone
Milestone is an independent private equity firm investing in buy-and-build situations, owned and controlled by its partners, which manages over €250m and invests mainly in the UK and France. Milestone seeks to identify and invest in experienced management teams with a strong track record. Working in close collaboration and partnership with these management teams, Milestone executives will deliver strategic business input and significant industry contacts, ensuring maximum business performance and strong long term shareholder returns.
Compre is Milestone’s fifth investment in its current portfolio. Milestone has six investment professionals based in London and Paris.
About Compre
Compre is a specialist insurance group focused on acquiring Nordic, continental European and UK insurance companies and portfolios that are in run-off, i.e. that have been discontinued by their parent. The business was founded in 1991 and has offices in London, Helsinki, Stockholm, Malmo, Baar and Basel.
For further information, please contact:
Philip Conboy: philip.conboy@milestone-capital.com
Colin Granger: colin.granger@milestone-capital.com
