Ardonagh reveals £217.5m cash paid for deals in 2020
The figure includes its buy of Bravo Group, which owns Broker Network and Ethos, and its Arachas acquisition.
The Ardonagh Group published its full results for 2020, which showed how much it spent on M&A during the 12 month period.
The annual report showed its cash outlay during the year was £217.5m. When share capital and other factors are taken into account, the total purchase consideration was £213.5m.
Deals and cash paid listed in the report are Rural Insurance bought for £23.5m; Arachas owner Nevada Topco for £123.3m; Bravo Group (also known as Nevada 4 Midco) for £39.8m; Thames Underwriting for
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