Finance Adia-backed London insurer seeks funds for growth By Pramod Kumar March 26, 2025, 11:23 AM Ardonagh Group London-headquartered Ardonagh will use the fresh funds for potential acquisitions Ardonagh Group, a British insurance group backed by the Abu Dhabi Investment Authority (Adia), is reportedly close to raising $2.5 billion to fund its expansion. The London-based company will also use the funds for potential acquisitions, Bloomberg reported, citing unnamed sources. In December 2024, Adia and US private equity Stone Point Capital announced an investment in Ardonagh, which put its valuation to $14 billion. The insurance brokerage has already purchased companies in Brazil, Spain, Italy and Australia. ADQ and ECP of the US bet on data centre projects Abu Dhabi’s Adia buys stake in European Camping Group UAE banks back Turkey Wealth Fund’s $1.2bn loan The Ardonagh deal is one of a number the Emirati sovereign fund has undertaken in Europe. This week, it agreed to buy a significant minority stake in European Camping Group, a key player in the European outdoor hospitality sector, from private equity company PAI Partners. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
