Lloyds Bank's Bill Cooper on private equity
The valuation of intermediaries is once again in the spotlight after a number of recent high-profile deals, where firms have changed hands for what appear to be very high multiples. Lloyds Bank's managing director and global head of insurance Bill Cooper investigates.
Deals include Travelers’ purchase of Simply Business and the private-equity backed management buyout of CFC underwriting. And there is talk of high multiples for several other businesses currently
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