CPP Group, a provider of real-time, digitally delivered assistance products which reduce disruptions to everyday life for millions of people, has completed the disposal of its minority interest in KYND Limited to V Acquisition Limited, part of the Verisk Analytics, Inc. group, for cash consideration of £2.6 million.

The investment in KYND is non-core to the Group following the announcement of its revised strategy and Change Management Programme to transform the Group to an InsurTech business, led by Blink Parametric and supported by CPP India and CPP Turkey.

The Group, in 2018, acquired a 20% shareholding in KYND, a business that provides cyber risk management solutions for £1.2 million, The Group’s shareholding in 2021 reduced to 13.3%, on a fully diluted basis, when the Group decided not to participate in a capital raise by KYND.

Transaction rationale:

  • The transaction is consistent with the Group’s stated strategy to transform the Group to an InsurTech business led by Blink and supported by India and Turkey.
  • The transaction provides a certainty of outcome at an acceptable return.
  • The transaction provides additional cash resources, not previously forecast, to support the Change Management Programme and investment in Blink.


Simon Pyper, Group CEO, commented:
“The agreement we have reached with Verisk is consistent with our stated strategy and is another positive step as we simplify the Group and transform to an InsurTech business.”