Ryan Direct bought by Towergate owners


Ryan Direct, will be renamed 'Direct Group', following its acquisition from former parent Ryan Speciality Group. The senior leadership team will continue in their current positions in the business. Neither the value of the sale, nor what percentage of the business MDP and HPS will own, has been disclosed. The investment came through joint MDP/HPS vehicle named Nevada Investments. The deal was advised by Fenchurch Advisory Partners. Ryan Direct CEO Derek Coles said: “I am very grateful for