ADIA sells 50% stake in Policy Expert to UK’s Cinven

The Abu Dhabi Investment Authority (ADIA) has sold a 50% stake in the UK-based Policy Expert, an insurance solutions provider, to private equity firm Cinven’s Strategic Financials Fund as part of a “broader growth strategy” for the insurance firm.

The financial details of the transaction have not been disclosed and is subject to regulatory approvals and closing conditions.

Read the original article in Zawya: Abu Dhabi sovereign investor ADIA sells 50% stake in Policy Expert to UK’s Cinven