Management buyout (MBO)
Clydesdale Bank confirms 'appetite' to assist MGA's as Lorega lands £2.75m funding package
Lorega has secured a £2.75m funding package from Clydesdale Bank’s specialist and acquisition finance team for "additional growth".
Little Chef saviour backs MBO for Independent Group
Distressed asset investor R Capital has backed a management-led buyout of Independent Group.
Broker M&A Advice: A wise head
When it comes to a major strategic business decision, it is understandable brokers want some hand-holding. But who is best placed to provide professional advice and how much will it cost?
Parabis Group confirms Plexus sale to original founders
Parabis Group has confirmed it is selling its defendant and consumer law firms to a consortium of private individuals led by two of its original founders.
Cobra UK and Ireland finalises MBO
Insurance broker Cobra UK and Ireland has finalised a management buyout, with the company to trade under its previous name, UK and Ireland Insurance Services.
Hong Kong broker Latitude completes MBO from CGSC
Hong Kong-based marine insurance specialist Latitude Brokers has confirmed the management buyout of its shareholding previously owned by Cooper Gay Swett & Crawford.
GRP backs £25m premium Northern Irish broker's MBO
Northern Irish broker Abbey Bond Lovis has completed a management buyout backed by insurance investment vehicle Global Risk Partners.
Peter Blanc becomes exec chair at Aston Scott following MBO
Aston Scott Group has completed a management buyout funded by private equity firm Bowmark Capital.
Quiz of the week - 10 April
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GRP backs MBO at Lloyd's broker Ropner
London market consolidator Global Risk Partners has backed its second management buyout in three months after agreeing to support an MBO by Lloyd’s marine broker Ropner Insurance Services.
Alsford Page & Gems announces MBO
Lloyd’s insurance and reinsurance broker Alsford Page and Gems is to complete a private equity backed management buyout that will see the staff holding 28% of the total shareholding.
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.
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.
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.
Open GI parent reunites with PE backer Montagu to complete MBO
Open International bosses have reunited with Montagu Private Equity to perform a management buyout of the Open GI, Open GI London and Power Place parent company.
Interview: Paul Moors: Light at the end of the tunnel
Fifteen months after the management buyout of broker Bollington, group chief executive Paul Moors sits down with Post to canvas the firm’s plans for the future
Uswitch eyeballing London float
Price comparison site Uswitch is reportedly considering plans for a stock market float, after an August management buy out.
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.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
Royal London Group in agreement to back MBO of RL360°
The Royal London Group has entered in to an agreement to support a management-led buyout of Royal London 360° and its subsidiaries for an undisclosed sum.
Interview: Mark Cloutier: Maintaining momentum
After restructuring last year, Brit has posted impressive results for the first half of 2013 – and chief executive Mark Cloutier insists the firm is on the right track to becoming top dog at Lloyd’s