Ardonagh completes £2bn debt raise and deals for Bravo Group and Arachas


The Ardonagh Group has completed its £2bn debt raise along with the purchases of Broker Network-owner Bravo Group and Irish broker Arachas for a combined value of over £550m.

The business stated that it has raised £1.575bn through a unitranche facility and £400m through senior PIK [payment-in-kind] toggle notes.

It also confirmed that it now has access to a £300m war chest to fund future growth plans.

The move was first announced in June, and both the unitranche facility and the capital

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: