SSP in £207m MBO deal
Technology solutions provider's management buyout backed by private equity firm LDC.
LDC has taken a majority equity stake in SSP by backing a £207m management buyout of the technology solutions provider.
The private equity investor said the investment would support the management team as it aims to accelerate the growth of SSP in the UK as well as building on its broker customer base and introducing data services to help insurers better assess risks.
Headquartered in Halifax, SSP employs over 700 people.
It operates globally, processing more than 10 million electronic policy
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