Following FCA approval the sale of Premium Credit, from Cinven to funds managed by TowerBrook Capital Partners, the London and New York-based international investment firm, has been completed.

Premium Credit is a provider of premium finance for commercial and retail insurance products, as well as other specialist lending solutions. The company has driven consistent growth through the development of a sophisticated technology platform and expansion into new product areas, building on Premium Credit’s core capabilities.

Premium Credit, as throughout the sale process, will continue to trade in a ‘business as usual’ manner with its 3000+ partners.