Private equity investor Perwyn has acquired Atec Group, which comprises digital personal lines broker Ceta and managing general agent Arkel, from Kester Capital. The group focuses on specialist home and leisure products in the UK wholesale and retail personal lines market and supports more than 340,000 policyholders.

Brendan Devine (pictured), CEO of Atec, said: “We are delighted with the investment from Perwyn. It is a ringing endorsement of the business we have successfully built and our future strategy.

“We have been highly impressed by the Perwyn team who share in our vision to continue the organic growth trajectory we’ve been on and to accelerate our development through strategic M&A.”