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Ardonagh, Markerstudy UK insurance deal cleared by antitrust regulator

By Jon Menon ( March 26, 2024, 10:49 GMT | Insight) -- A UK insurance deal backed by private equity firm Pollen Street Capital, to create one of the UK’s biggest consumer-insurance companies, has been cleared by the antitrust regulator. Venus Topco’s planned acquisition of Atlanta Investment Holdings 3 won’t face a phase II in-depth investigation following an initial phase I probe, the Competition and Markets Authority said today.  Ardonagh Group agreed to merge its Atlanta division with Markerstudy Group, a unit of Venus Topco, last September. A UK insurance deal backed by private equity firm Pollen Street Capital, to create one of the UK’s biggest consumer-insurance companies, has been cleared by the antitrust regulator....

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