Canadian tech giant buys SSP
Canadian software giant Constellation Software Inc has purchased SSP. Volaris Group, a division of Constellation, agreed the SSP deal last month. Regulatory approval is expected in the first quarter. SSP was majority-owned by private equity owned Lloyd’s Development Capital following a £207m buyout in 2015. Scottish Equity Partners was also a shareholder. The Canadian business does have insurance policy administration software, but SSP will be the first time it has owned broking technol...
Stephen Lathrope Volaris Group Lloyd Development Capital Constellation Software Inc Development Capital Equity Partners
Source: globalreinsurance.com