BearingPoint Capital supported BlackFin with technology vendor assistance and due diligence, highlighting CED’s technology value proposition.
Amsterdam, June 21, 2023 – BlackFin Capital Partners and Rivean Capital have announced the sale of CED Group, a full-service claims management service provider, by BlackFin to Rivean. CED Group, a Dutch headquartered company, offers a comprehensive range of services such as assistance, claims handing, loss adjustment and repair, across 12 countries, most notably in the Netherlands, France, Belgium, and Spain. Rivean Capital plans to support the management team in continuing CED Group's European growth strategy and accelerate growth by continuing its international buy and build strategy to become the leading player in the European insurance services market.
BearingPoint Capital provided technology vendor assistance and vendor tech due diligence services, thereby supporting BlackFin in illustrating the considerable contribution technology provides to the value proposition, as well as an in-depth analysis of the technology landscape and organization.
We are proud to have assisted CED Group in this important process. Over the last 5 years, BlackFin and the Management of the company have transformed CED into a pan-European tech-enabled services platform by investing massively in IT and digitalization. We are confident that Rivean Capital will continue to drive growth and success for the company.
Thomas Bagley, Partner at BearingPoint
The BearingPoint team quickly grasped the complexity of the operational systems of the CED Group, mixing different business segments in several countries, and the important emphasis we have put on IT and digital assets over the past 5 years. We are pleased with their work which contributed to a successful exit process. We look forward to continue the valued partnership with BearingPoint Capital.
Damien Lestang, Partner at BlackFin
The acquisition was closed in the first quarter of 2023. View the press release from CED and Blackfin here: https://www.linkedin.com/posts/ced-europe_rivean-capital-to-support-the-further-growth-activity-7018590351900762114-RTKG/?utm_source=share&utm_medium=member_desktop
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services.
BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success.
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