Mergers: Commission clears acquisition of Premfina and iGO4 by MDP and HPS

Daily News 08 / 08 / 2022


Economia - pubblicata il 09 Agosto 2022


https://www.trevisobellunosystem.com/tvsys/img/notizie/eu_commissione_europea.jpg
Source: European Commission Spokesperson’s Service

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Premfina Limited (‘Premfina’) and i GO 4 Ltd. (‘iGO4’),
both of the UK, by Madison Dearborn Partners, LLC (‘MDP’) and HPS Investment Partners, LLC (‘HPS’), both of the US. Premfina provides premium financing as lender of record
and white label insurance software solutions to insurance brokers in the UK.

iGO4 provides car telematics insurance products to consumers in the UK. MDP is a private equity investment firm active across multiple industries. HPS is an investment firm
managing various strategies across the capital structure, asset-based leasing and private equity. The Commission concluded that the proposed acquisition would raise no competition concerns given
that Premfina and iGO4 have no, or negligible, current or foreseen activities within the European Economic Area. The transaction was examined under the simplified merger review
procedure. More information is available on the Commission’s competition website, in the public
case register under the
case number M.10805.

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