PIB seeking to raise £100m - £200m to fund growth
Firm looking for further investment but has no plans to stop working with Carlyle Group.
PIB has confirmed that it has engaged Deloitte as it seeks to expand further into Europe.
The consolidator began working with Deloitte two months ago in order to raise the funds required to pursue its European aims.
CEO Brendan McManus told to Insurance Age that the business is seeking a figure between £100m and £200m.
This fund-raising effort was reported by Insurance Insider late last week.
McManus also detailed that PIB’s search for further lenders was “going well”.
Carlyle
PIB already
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Takeover target Direct Line posts £189m operating loss
- Markerstudy gets CMA greenlight to complete £1.2bn Atlanta deal
- FCA warns insurers, again, on undervaluing total loss motor claims