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.
Ingo Stoff will be part of the Munich-based team and joins from the PE division of a family office
Transaction is made via a club deal which saw participation of several private investors alongside Cherry Bay
Wellingtons manufacturer mandated AlixPartners to sell a stake in the business in March 2020
Spencer House provided corporate finance advice on the acquisition of the fund adminstrator