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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