Gresham confirms Giles exit
Gresham Private Equity, the UK mid market private equity specialist, has confirmed that it has successfully exited broker Giles through the sale of the business to Charterhouse Capital - news that was broken by Insurance Age on the 21 February.
CEO Chris Giles and the existing management team are remaining with the company. Andy Marsh, partner at Gresham, said: “When we invested in Giles two years ago, its ambition was to create a national commercial insurance broker with market leading specialisms. "We believe the business has achieved these ambitions and is now superbly placed to continue its success with Charterhouse Capital Partners. We have been delighted with our association with Chris Giles and his management team and wishOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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