Leading specialist legacy acquirer Compre is looking to raise additional capital in the face of increased legacy activity related to the COVID-19 pandemic and hardening insurance market.
Compre says its current shareholders, private-equity firm CBPE Capital, remain committed to the business and support its management team’s outlook.
The existing team, led by CEO Will Bridger, will remain unchanged and is committed to the growth of the business.
“Now is the time to invest in the legacy market and it gives me great pleasure to be taking this step in our company’s history at such a promising time for legacy acquirers,” said Bridger.
“Legacy has matured through the years and has become a vital part of the industry’s infrastructure.
“The demand for our solutions has surpassed expectations and Compre is committed to providing bespoke structuring to enable clients to reach their business objectives during this challenging period and beyond.”