Compass Broker Holdings to be purchased by HPS and MDP


HPS Investment Partners (“HPS) and Madison Dearborn Partners (“MDP”) have today announced they have signed documents to purchase Compass Broker Holdings*.

Upon completion Compass will join a strong portfolio of companies within the HPS and MDP family. Alex Alway will retain his role as Chairman and John Lincoln will remain as CEO of Compass. The Compass management team will also stay on to execute the strategy.

Commenting on this news today, Matthew Raino, Managing Director at MDP said: “We are delighted to add to our already varied group of companies and we see the purchase of Compass fitting well with our broadening portfolio of UK insurance service assets.”

Executive Chairman, Alex Alway said: “I’m delighted that HPS and MDP have chosen to partner with Compass. Its leading position within the UK insurance sector, combined with a strong management team will enable it to grow and develop.”

CEO of Compass, John Lincoln commented: “This is an exciting time for us and provides Compass with a strong long-term investor which will support our growth ambitions. The partnership will transform our business by providing us with a host of resources needed to help us realise our full potential.”

*The transaction is subject to regulatory approval.