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Gresham backs Giles' £45m MBO

Gresham, the UK mid market private equity specialist, today announced that it has backed Chris Giles and the management in the management buyout of Giles Insurance Brokers in a deal valued at £45m.

In a statement Gresham said: "Giles' strategy is to continue to build its regional network and to take a leading role in the consolidation of the fragmented commercial insurance market.

"Giles has an

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