Lark confirms MBO from Groupama
The deal for an undisclosed sum sees the company revert to being an independent broker having sold a majority shareholding to the French-owned insurer in late 2007.
The broker confirmed that the deal had been backed by Hiscox as a minority investor in the buyout and that Lloyds TSB Bank provided debt finance.
Deutsche Bank was the advisor to Groupama in the deal and is advising the parent group as to the sale of UK assets.
Graham Lark, chairman, said: "I am absolutely delighted we have managed
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected]ranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Aon: Executive committee shuffled post-deal collapse
- How can the industry solve its talent crisis?
- Former rugby star joins Ardonagh
- Tasker to push forward with more deals
- Gallagher reports rise in brokerage revenues for H1 2021
- Extinction Rebellion hits Lloyd’s in paint attack
- Aston Lark reports Ebitda and revenue growth for 2020