EU regulator the European Commission has approved the acquisition of re/insurance broker Miller by global private equity firm, Cinven, and GIC, Singapore’s sovereign wealth fund.
First announced in November 2020, the EC has now given the green light to the acquisition following a review.
It concluded that the deal would raise no competition concerns because of the limited market position of Miller in the European Economic Area.
Miller is active in the provision of non-life insurance and reinsurance broking services and is seen by Cinven and GIC see Miller as an attractive investment opportunity based on numerous factors.
