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FinTecBuzz

by FTB News Desk

Portag3 Ventures Increases Stake in Hellas Direct

Portag3 Ventures Increases Stake in Hellas Direct

February 18, 20197 min

Hellas Direct, a Cyprus-based online insurance company, is pleased to announce that Portag3 Ventures (“Portag3”) has increased its equity stake in the company. Led by Paul Desmarais III (Executive Chairman) and Adam Felesky (Chief Executive Officer), Portag3 augmented its investment by buying the minority stake previously held by Third Point LLC. As part of the transaction, Felesky, along with Paris-based Portag3 partner Hélène Falchier, will join Hellas Direct’s Board of Directors. Hélène has recently joined Portag3 from French insurance company CNP Assurances...

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