Private equity (PE)
Stackhouse Poland completes MBO, as Hester exits
Stackhouse Poland Holdings has completed a management buy-out by current equity holders, Jeremy Cary and James Agnew, together with recently appointed CEO Tim Johnson.
Duke Street increases investment in Parabis Group
Private equity investor Duke Street Capital has upped its investment in Parabis Group in a bid to help the personal injury umbrella firm capitalise on opportunities in the legal services sector.
Open GI and Powerplace complete MBO worth upwards of £300m
Open GI and sister company Powerplace have completed a management buyout valued in excess of £300m after tying up a deal with Montagu Private Equity following approval form the Financial Conduct Authority.
Terry one of three directors to boost Quindell shareholding
Quindell chairman Rob Terry has increased his stake in the company to 10.69% after purchasing a further one million shares.
Private equity eying larger EMEA insurance stake
Insurance firms across Europe, the Middle East and Asia are more focused on disposals than acquisitions as they look to shed non-core units and strengthen their market positions elsewhere.
County Insurance secures Cullum-backed MVP investment
Independent broker County Insurance has completed a deal with Peter Cullum’s funding vehicle Minority Venture Partners.
Blog: Five insurance narratives worth following for the rest of the year
So far in 2014 we have seen a number of major developments and loose ends seemingly tied up.
Power Place to accelerate expansion following Montagu investment
Open International chief executive Chris Guillaume has turned his attention to propelling the firm’s Power Place business into the complex commercial and SME arenas after agreeing a “long term” partnership with private equity investors Montagu.
Hg Capital buys Lloyd's software provider Sequel
Private Equity firm Hg Capital has acquired Sequel Business Solutions, a software and services provider to the Lloyd's and London market, in partnership with the Sequel management team.
Ana Cap ties up deal for French broker Assur One
European financial services private equity firm Ana Cap has teamed up with company management to complete the buyout of French digital insurance broker Assur One Group.
Esure IPO highlights UK prominence in private equity domain
The UK has asserted itself as a key market for private equity activity, according to a study by international law firm White & Chase.
BMS sells £30m minority stake to PE investor
BMS Associates has sold a £30m ($50.7m) minority stake to private equity investor Capital Z in a bid to support expansion of both Lloyd's broker BMS and underwriting agency Pioneer.
Broking M&A boom predicted as private equity appetite grows
Report reveals UK dominance of European insurance deals
Hastings boss positive on motor market after increasing rates
Hastings chief executive Gary Hoffman believes 2014 could be the year the motor market finally turns, after revealing that his firm has begun increasing motor rates.
Innovation Group completes LAS buy
Claims management business The Innovation Group has completed the purchase of LAS.
Avantia completes £57m MBO for 'aggressive' growth plans
Online property insurer Avantia has completed a £57m management buy-out backed by private equity firm ECI Partners.
2525's Dale seeks "skin in the game" to profit from liability upturn
The active underwriter at specialist liability Syndicate 2525 has admitted that the firm’s executive would love to have “some skin in the game,” whilst railing against the regulatory costs in running a smaller Lloyd’s insurer.
Tracker’s technology offering a draw card in Lysanda purchase
Former Direct Line Group-owned telematics provider Tracker’s robust technology was one of the major draw cards for its purchaser Lysanda, according to the chief executive.
Kingsbridge sells minority stake to private equity firm
Insurance broker Kingsbridge Risk Solutions has sold a minority stake to Isis Equity Partners, in a deal preserving the structure of the business.
Doug Smith appointed to corporate consultancy role
Former Willis and Marsh boss Doug Smith has joined Insight Insurance Consultancy’s corporate insurance consultancy business.
Interview: Ray Vincent: A decade and counting
Celebrating 10 years since his firm was born out of the ashes of disaster, Transactor founder Ray Vincent explains why increasing headcount, the mainstream market and London managing general agents will feature in the future of the brand.
Maven confirms £5m investment into Global Risk Partners
Private equity and alternative asset manager Maven Capital Partners has confirmed it is part of the syndicate providing £55m of investment into London market consolidator Global Risk Partners.
Cullum’s consolidation credentials face test as he joins Penta in backing GRP
Global Risk Partners warned it must adapt quickly amid market uncertainty.
Saga appoints IPO advisor
Acromas-owned insurer Saga has appointed STJ Advisors ahead of a 2014 float.