Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is advising international private equity firm Cinven, on its agreement to acquire International Financial Group Limited (‘IFGL’), a leading life insurance provider of cross-border, long-term savings products for internationally mobile clients.

IFGL has £19 billion of assets under administration and operates through three principal brands: RL360, Ardan International and Friends Provident International. Financial details of the transaction are not disclosed.

IFGL represents the third investment from Cinven’s long-term financial services-focused strategy. The transaction is subject to regulatory approvals.

The Freshfields’ advisory team is led by London-based private equity partners Alastair Brown and Victoria Sigeti, and senior associate Mark Brewer, together with financial institutions regulatory partner James Smethurst and insurance partner George Swan.

This latest acquisition carries on Freshfields’ long-standing and successful relationship with Cinven. This transaction marks the first transaction of 2022 on which Freshfields has advised Cinven, having recently advised Cinven on a number of transactions in 2021 including, among others, its investment in Ufinet International, its acquisition of a majority stake in Arcaplanet and Maxi Zoo Italia, its disposal of Chryso and its successful bid, alongside Bain Capital, for Lonza Specialty Ingredients.