GRP retains hub focus following Searchlight deal
The investment will help GRP continue to buy UK brokers according to newly promoted Mike Bruce.
The investment deal between Global Risk Partners (GRP) and Searchlight Capital Partners was signed yesterday (2 February) with the founders Peter Cullum and David Margrett, alongside Penta Capital, retaining a minority stake.
Mike Bruce, who as part of the deal will move from MD to group CEO, said keeping the expertise of Cullum, Margrett and original investor Penta would help with continuity for the broker.
Model
Bruce also stated that the investors were supportive of GRP’s ‘hub and spoke’
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