Affinion Group, LLC, a subsidiary of Affinion Group Holdings Inc., has closed the previously announced sale of its insurance division, Affinion Insurance Solutions, to an affiliate of Mill Point Capital.
As a result of the sale, Affinion Group will operate as a company that uses technology and data-driven analytics to design, administer and fulfill loyalty and engagement programs that strengthen and enhance relationships for its clients around the globe.
Mill Point Capital is a New York, N.Y.-based middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors.
Affinion Group is a Stamford, Conn.-based loyalty and customer engagement company that designs, administers and fulfills loyalty and customer engagement programs that strengthen and expand the value of relationships for its clients globally.
Source: Affinion Group
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