Compre is focused on the acquisition and management of discontinued non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta and Switzerland. Founded in 1991, it employs around 80 people at its offices in the UK, Continental Europe, and Bermuda. Reed Smith previously acted for CBPE on its original investment in Compre, alongside the company’s management, in 2015.

The Reed Smith team that advised on the deal was led by partner Philip Taylor, supported by Stephen Mooney, Matthew Bowen, Lily Wu and Athena Pantzari (corporate), Caspar Fox and Alia Khalil (corporate), Ross Mackenzie (competition) and Brett Hillis (regulatory).

The transaction is expected to complete in the first half of 2021 and is subject to regulatory approvals.