An investor group led by private equity firm CVC Capital Partners has taken a majority stake in global loss adjuster Cunningham Lindsey.

Allied World Financial Services is among the investors. It joins Stone Point Capital, the previous majority owner of Cunningham Lindsey, which will retain a shareholding, as will minority shareholder Fairfax Financial Holdings.

Cunningham Lindsey says it is the world’s largest loss adjusting and claims management company, with a network of 7000 people in 61 countries.

It says the recapitalisation will facilitate the next phase of its global growth strategy, with the current management team being retained and CEO Philippe Bès joining the board.

“CVC shares our vision for the future expansion of Cunningham Lindsey and, together with our long-standing partners Stone Point and Fairfax, will enable us to continue to expand and enhance our position in the key insurance markets,” Mr Bès said.

Cunningham Lindsay Australia CEO Harry Patel says the ownership change will have no effect on the company’s branding, management team or client services.

“We are very excited with this development, and look forward to continuing to grow and strengthen our position in key insurance markets,” he said. “Continuing to provide our clients and their customers with best in class services remains our upmost priority.”