Private equity company in line to buy broker
Giles Insurance Brokers is understood to have been acquired by a private equity company, Insurance Age has learned.
Market sources have indicated that Charterhouse Capital Partners has signed a deal with Giles for an undisclosed sum. Giles’ staff has reportedly already been informed. A source close to Giles said they could neither “confirm nor deny any speculation.” Charterhouse also declined to comment.
The broker has made no secret of its aggressive growth strategy and said it wanted to double the size of its business and target premiums of £250m by 2009, after a 2006 statement following the management
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