Private equity (PE)
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.
Sovereign Capital acquires Kindertons
Private equity firm Sovereign Capital has acquired Crewe-based accident management services provider Kindertons for an undisclosed sum.
M&A surge imminent due to low interest rates and yields
PWC report predicts ‘quiet revolution’ in acquisitions.
Poor GI results could see Capita sell broker businesses at knock-down price
Analysts doubtful firm could secure private equity backing
Redundancies predicted as Gallagher seeks synergies following Giles deal
Sources expect AJG to reduce number of regional offices to cut costs
Hyperion stake sale nets £29m for BP Marsh
The sale of a 30% stake in Hyperion to General Atlantic has banked the private equity firm £29.2m according to accounts released today.
PostCast - Issue 1 - 1/8 August
The team discuss the news, features and interviews from the 1/8 August edition of Post Magazine.
Private Equity: With the same brush
Industry insiders say that a recent report prescribing the pitfalls of private equity backing misrepresents the bigger picture. Are they right? Or is there hope on the horizon?
Insurance veteran Keith Fenwick to chair equity firm
Keith Fenwick has been appointed chair of Fusion AI Partners’ advisory board.
AJG tipped as early favourite to complete Giles swoop
Arthur J Gallagher has emerged as an early frontrunner among a pack of brokers looking to secure Charterhouse's majority stake in Giles.
General Atlantic concludes purchase of Hyperion shares
Hyperion Insurance Group has completed a deal with General Atlantic in which the global growth equity firm acquired around 30% of the group's shares.
Giles CFO blames ownership structure for debt increase as backer seeks sale
Analyst confident potential buyers won’t be put off by financial results
Initial Public Offerings: A good time to float
Following successful initial public offerings by Direct Line Group and Esure, many industry commentators believe market conditions are currently perfect for further flotations. So, is it time for others to go public?
Acromas considering £4bn refinancing deal
AA and Saga parent company Acromas is understood to be close to securing a refinancing deal that could lead to the break-up of the group.
'Major changes' on horizon for BP Marsh
BP Marsh & Partners has reported a 10.6% increase in net asset value to £55.5m for the year to 31 January 2013 (2012: £50.1m) and net asset value per share of 190p (2012: 171p).
Private equity backers fail in aim to boost targets' productivity, says study
Publicly listed firms that are subject to a private-equity buy-out see their performance fall further behind industry rivals, according to research by three academic institutions.
Equity closing in on "high profile" director amid overhaul of business
The new chief executive of Equity has outlined its plans to strengthen its specialist lines offering within the motor sector as it moves to a broker-only model.
Equity axing 200 jobs in motor focused re-launch
Equity Insurance Group is to cut 200 roles following its acquisition by Jeff Greenberg-led private equity house Aquiline.
Towergate interest payments come down and debt maturity extended to 2018
Towergate Insurance has today announced the completion of its refinancing, following the closing of its bond offering.
View from the Top: The American invasion gathers speed
Private equity investment from the US into London Market brokers is seemingly in vogue in 2013, with a considerable amount of new capital entering the market.
Towergate CEO Hodges hails new "flexible debt structure" after £396m bond issue
Towergate has announced the pricing of the offering by its subsidiary, Towergate Finance, of floating rate senior secured notes due 2018 in an aggregate principal amount of £396m.