Vitruvian completes CFC buy-in

Private equity house Vitruvian has completed its 40 percent buy-in
with CFC, The Insurance Insider
understands.
This publicationreported in March that the private equity firm had bought into
the specialist managing agent in a deal that valued the business at
£230mn ($292mn) - equivalent to a multiple of just over 15x
forward Ebitda.Vitruvian acquired its stake by buying out investors Richard
Corfield, chairman of CFC; Mike Rees, co-founder of Benfield; and
Hugh Willis, co-founder of BlueBa