Pollen Street Capital has completed the acquisition of Hipoges, a Portuguese insurance and financial services group, through its vehicle Finsolutia.
The transaction was finalized after receiving the necessary regulatory approvals, according to a report by Jornal Economico.
The deal marks the end of a transition period for Hipoges, which had been under the ownership of Pollen Street Capital since the firm initially acquired the business.
The use of Finsolutia as the acquiring entity suggests a restructuring or consolidation of the group's assets under the private equity owner's control.
This development adds to a series of recent corporate consolidations in the European financial services sector.
The completion of the deal provides clarity on the ownership structure of Hipoges, which operates in the competitive Portuguese insurance market.