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You are here: Home / News / Carlyle Group Completes Acquisition of Innovation Group

Carlyle Group Completes Acquisition of Innovation Group

December 9, 2015 By CollisionWeek Editor

The Carlyle Group (NASDAQ: CG) last week announced the successful acquisition of Innovation Group (LON: TIG) for £500 million ($689 million).

Originally announced in September, capital for the acquistion came from Carlyle Europe Partners IV (CEP IV), a European-focused upper-mid market buyout fund. Further terms of the transaction were not disclosed.

Founded in 1996 and employing more than 3100 people, Innovation Group is an independent provider of auto and home claims management services for insurers, brokers, fleet & leasing companies, as well managing service and warranty plans for auto manufacturers and dealers. It boasts more than

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Filed Under: News Tagged With: Acquisitions, Carlyle Group, Innovation Group

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