Clyde & Co advises Whittington Group on sale of Direct Asia
International law firm Clyde & Co advised investment firm Whittington Group on the sale of Direct Asia to Hiscox.
Hiscox paid $55m for the business plus an unspecified earn out over a period of four years. It is Hiscox's first forray into Asia.
Whittington Group only owned Direct Asia and is backed by two private
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