CED Group, the full-service European claims management provider, gets a new owner. Private equity fund BlackFin Capital Partners, a leading European investment company focusing on the financial sector, with offices in Paris, Brussels and Frankfurt, is the intended new shareholder. An agreement-in-principle was reached with the six largest current shareholders on 22 December 2017. In the coming weeks, the Works Council will be asked for advice and the other shareholders will be invited to sell their shares to BlackFin Capital Partners. BlackFin will work with CED to strengthen its drive towards more innovation and technology-supported services. The change of ownership has no direct consequences for operational management and employees.
Focus on innovation, growth and value
CED Group is owned by a large number of Dutch insurers and brokers. The scope of CED's activities has broadened with positive effect in recent years. This has involved new products and services, both in- and outside the insurance sector, in which technological innovation plays an important role. For current shareholders BlackFin represents the right party to further support CED in its development, with an eye to service continuity and quality.
With an eye to the future
'I would particularly like to thank our excisting shareholders for their support in the preceding period', said CED Group CEO Hans Coffeng. 'Our new shareholder, BlackFin, will provide the support needed to accelerate existing, positive developments during the coming years. Which will result in CED being able to do business more effectively and more efficiently.'