Portag3 Ventures Increases Stake in Hellas Direct

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 H√©l√®ne Falchier, will join¬†Hellas Direct’s Board of Directors. H√©l√®ne has recently joined Portag3 from French insurance company CNP Assurances...

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