US broker Lockton to buy Forbes IRS division in £86m deal
Alexander Forbes Risk Services is being sold by the firm's South African parent to Lockton International Holdings for GBP86 million. It was announced to the Johannesburg stock exchange this morning that Alexander Forbes International Limited (a wholly owned subsidiary of the Company) has entered into an agreement to sell its entire interest in its subsidiary, Alexander Forbes Risk Services Holdings Limited to Lockton.
The majority shareholder of the Purchaser is Lockton Companies Inc. (Lockton) with a minority equity interest held by Trident III, L.P., an investment fund managed by Stone Point Capital LLC, of
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