Cinven makes fourth financials fund play with Sweden’s Säkra

Cinven sees growth opportunities for Säkra through organic growth and M&A.

  • Cinven has acquired Säkra from Adelis Equity Partners
  • Säkra has a record of steady and consistent growth, said Cinven
  • Cinven’s Strategic Financials Fund held its final closing in July with total capital committed of €1.5bn

Cinven said on Tuesday that it has agreed to acquire Säkra from Adelis Equity Partners. The acquisition has been made via Cinven’s inaugural Strategic Financials Fund which held its final closing in July with total capital committed of €1.5 billion.

Säkra is a Stockholm-based insurance broker, providing life and non-life insurance products, as well as pension and wealth management services.

Cinven’s purchase of Säkra was driven by the latter’s track record of steady and consistent growth. Cinven will look to accelerate the company’s growth through a combination of organic growth and bolt-on M&A.

“The investment is supported by a resilient underlying market in Sweden and is well-positioned to grow organically, with further upside through its demonstrated M&A trajectory,” said said Luigi Sbrozzi, partner and co-head of the SFF. “Säkra offers a high-quality scalable platform, with associated benefits for clients as the business develops and expands over the long term.”

London-headquartered Cinven is a global private equity firm that has made over 140 investments, making more than €44 billion in realised proceeds. It invests within the business services, consumer, industrial, financial services, healthcare and TMT sectors in Europe and North America. Cinven’s previous investments in the European insurance sector include Guardian Financial Services in the UK and Viridium in Germany.

Adelis Equity Partners is a growth-focused private equity firm headquartered in Stockholm that generally invests in companies that have revenues of €10 million to €300 million and operations in at least one of the Nordic countries. It invests across the health and life sciences, business services, and tech and software sectors.