PE firm Capital Z invests in Abbey Insurance Brokers

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Prestige Insurance Holdings has signed a deal with global equity firm Capital Z Management, which will see a multi-million pound investment into the business.

Prestige, based in Northern Ireland, has a number of different trading companies including Abbey Insurance Brokers, Prestige Underwriting Services (UK), Octane and Octane London Markets.

The deal was for an undisclosed sum and Prestige stated that US-based Capital Z will buy the shares of a number of retiring shareholders.

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