Apax, CVC and KKR in talks to acquire 20% of Caser

Negotiations have been ongoing with up to 10 private equity firms since the beginning of the year, but Apax, CVC and KKR are the only three to have reached the final hurdle.

The three are considering investing around €300m in order to hold 20% of the insurer during a period of no more than five years. However, the talks are currently faltering over the conditions of entry, the duration of the holding period and the shareholder rights the prospective investor will be entitled to.

Caser, whose managing director is Ignacio Eyries, closed 2010 on profits of €81.1m alongside a turnover of €2.6bn.

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• Topics
• Southern Europe
• Financials
• Expansion
• Apax Partners
• CVC Capital Partners
• KKR