Direct Group makes second acquisition of 2012
Direct Group has acquired Simple Insurance from UK General for an undisclosed sum.
The purchase of the landlords' and caravan owners' insurance specialist is the second acquisition Doncaster-based Direct Group has made in 2012 – it bought laptop and mobile inspection specialist Circuit in April.
Funding for the deal was provided as part of a £15m refinancing facility from Lloyds Bank Wholesale Banking & Markets Acquisition Finance.
Derek Coles, CEO of Direct Group, said: “We provide a range of outsourced services to the industry and we are delighted to acquire the policy
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