Lloyd's insurer in £113m private equity takeover
Lloyd's insurer Cathedral has agreed a takeover of the business by private equity firm Disciple Holdco. The recommended offer was announced by Cathedral's independent directors, the board of Disciple Holdco and Benfield Advisory, this morning.
The Offer price is 140 pence in cash for each Cathedral Capital A Share. Disciple Holdco is a newly incorporated company funded by the Alchemy Investment Plan and formed specifically for theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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