Bennetts deal to cost Ardonagh £26m

Bag of money

Saga is set to sell Bennetts to Ardonagh Group for an enterprise value of £26m, according to a statement on the London Stock Exchange.

Insurance Age was today (17 February) first to report that Atlanta Investment Holdings C, a subsidiary of Ardonagh, had signed on to buy the motorcycle insurance specialist.

Bennetts will join Autonet, Carole Nash and Swinton as part of Ardonagh’s Retail platform, Atlanta, which is led by Ian Donaldson.

Saga Services bought Bennetts in 2015 for £26.26m. The

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