Capita Insurance Services acquires BDML Connect

Capita Insurance Services has acquired BDML Connect for an initial cash consideration of £26m and deferred consideration of up to £9m, dependent on future business performance over the 30 months to 31 December 2007. The consideration will be satisfied from existing resources. Included in the acquisition is Thornside, a business division within BDML Connect, as well as BDML Insurance Solutions, a newly formed subsidiary company of BDML Connect.