European private equity firm Astorg has taken a minority stake in Acturis Group from existing investor Summit Partners.
Insurance Age revealed in January that the software house was seeking a new minority PE investor to replace Summit, which initially invested in Acturis in June 2010.
Acturis declined to say how much of the business is now PE owned, but noted that its employees will continue to own the majority of the company.
Following the deal, Astorg is set to support Acturis’ future
The Insurance Age team unpick the most recent and most popular stories.Subscribe to our daily newsletter for all the latest news