Reiten & Co divests Factor to Pareto
Norwegian buyout house Reiten & Co has exited Factor Insurance Group through a trade sale to financial services company Pareto.
With the acquisition of Factor, Pareto is looking to move into insurance broking. The group currently offers shipping brokerage and asset brokerage, in addition to its financial advisory services, securities trading and other financial services.
Founded in 1999, insurance broker Factor has 30 employees and a NOK 50m turnover in 2009.
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