M&A Deal Summary

CPP Group Acquires Blink Innovation

On March 17, 2017, CPP Group acquired insurance company Blink Innovation for 1M EUR

Acquisition Highlights
  • This is CPP Group’s 1st transaction in the Insurance sector.
  • This is CPP Group’s largest (disclosed) transaction.
  • This is CPP Group’s 1st transaction in Ireland.

M&A Deal Summary
Date 2017-03-17
Target Blink Innovation
Sector Insurance
Buyer(s) CPP Group
Deal Type Add-on Acquisition
Deal Value 1M EUR

Target

Blink Innovation

Cork, Ireland
Blink Innovation Ltd. is a unique digital assistance insurance product for the travel market. Based in Cork, Ireland, Blink is set to launch the world’s first real time resolution flight interruption insurance. Blink provides insurance in the background, a seamless experience for customers by solving their problem and enabling them to complete their journey at no additional cost with no claims process to negotiate.

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Buyer(S) 1

Buyer

CPP Group

Leeds, United Kingdom
Category Company
Founded 1980
Sector Business Services
Employees2,041
Revenue 193M EUR (2023)
DESCRIPTION

CPP Group provides a range of assistance based services to customers in the UK & Ireland and in a number of international markets across Asia, Europe and Latin America. The Company's core propositions provide peace of mind for customers covering a range of areas including lost and stolen credit cards, identity theft, insurance of mobile devices, and passport assistance. CPP Group was founded in 1980 and is based in Leeds, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Ireland) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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