ProAktive bosses complete £2m MBO

cash-in-hand

Founder Jon Whiteley stays with firm but steps down from day to day management.

Group CEO Ian Laycock and group MD Andy Morley have led a management buyout of Yorkshire-based ProAktive Risk Group.

The £2m deal sees founder Jon Whiteley step down from the day to day management although the business confirmed that he will continue to play a role and “retain a significant shareholding”.

The MBO of the broker, which has its headquarters in Doncaster and an office in Sheffield, was backed by debt funding from Mercia Fund Managers. The business also revealed that the buy-out

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Markerstudy rebrands broking arm

Markerstudy Broking has been renamed to Markerstudy Distribution to encapsulate the range of products and services across the whole division, the business has confirmed.

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