Misys GI arm name change to follow £182m Montagu deal
Software house Misys has sold its general insurance business to private equity firm Montagu Private ...
Software house Misys has sold its general insurance business to private equity firm Montagu Private Equity for £182m. Montagu is an independent mid-market European private equity investor, backing management buyouts and other private equity deals. A spokesperson said an average time scale for sale after acquisition was three years.
Phillip Bell, chief executive of Misys General Insurance, said: "Montagu knows all about investments; they have bought into our strategy and will support the current
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