McManus and Giles sell 'significant' PIB stake to Carlyle Group

- Callum Brodie
- 14 Dec 2015
- Indicative reading time: 1 minute

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Global alternative asset manager The Carlyle Group has agreed to acquire a significant equity stake in Brendan McManus and Chris Giles’ latest broking venture PIB Insurance.

PIB, which is currently owned by its management team and external private investors, was founded last year.

Capital for this investment will come from Carlyle Global Financial Services Partners II, a

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