As Brit looks to sell UK arm, Simply Business attracts PE interest
Online broker Simply Business is expected to be targeted by a number of private equity houses and insurance firms, following the news that significant shareholder Brit Holdings is looking to sell its UK arm for £150m.
In 2008 Brit acquired a 38.4% stake in the then loss-making parent firm of Simply Business, Xbridge, for £7m. However, according to accounts filed at Companies House, for the year ended 2010, Xbridge
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