GAB Robins UK confirms MBO

Insurance Age staff
11 Feb 2009

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The transaction follows the recent sale by Brera Capital Partners, LLC of GAB Robins' international operations to Cunningham Lindsey Group, LLC, which is an affiliate of Stone Point Capital. Through a recapitalisation plan, GAB Robins UK will become an owner-managed business.

The terms will remain private, and the transaction is expected to be completed by the end of the first quarter of 2009.

Kieran Rigby, chief executive officer of GAB Robins UK, said: "We believe this change will secure the

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