Eurazeo-backed Albingia, a French insurance company specialised in business risks, has acquired Circles Group, a Luxembourg-based special risk insurance provider, and its subsidiary BCOH.
Investment is an extension of the €22.5m series-A round raised by Bnext in October 2019
Signage company filed for insolvency in 2019, citing a fall in revenues from automotive clients
GCP makes hybrid debt and equity investments of £5-30m across a variety of sectors
First investment made by the GP via Magnum Capital III, which was launched in December 2019