PPF Group regains control of private equity operation

The transaction also includes Generali's interest in PPF Partners 1 Fund. It is part of a larger deal that sees the end of Generali's and PPF's insurance joint venture Generali PPF Holding (GPH). The deal, in which PPF sold its total 49% share in the holding company to the Italian insurer, values GPH at €5.1bn. Generali also acquired all shares in PPF's beta fund as part of the agreement.

Generali and PPF formed the joint venture in 2007 to combine their insurance assets in eastern Europe. PPF will receive a total consideration of €2.52bn between March 2013 and December 2014.

Registered in the Netherlands, PPF is an investment and finance group operating throughout the CEE and CIS regions, with approximately €17.6bn of assets under management.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• CEE
• GPs
• Benelux
• Italy
• Czech Republic
• Netherlands
• PPF Investments