Simply Business sold by Anacap to ERS-owner Aquiline
Private equity firm Anacap has sold SME broker Simply Business to Aquiline Capital Partners, generating a return of 4.5-times its original investment in 2013.
The sale is subject to regulatory approval and is expected to complete in the summer. Anacap also owns broker Brightside.
Aquiline Capital Partners invested in broker-only motor insurer ERS in 2013.
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