Simply Business completes MBO
Simply Business has completed an MBO backed by private equity firm AnaCap.
The online commercial broker - whose parent company is Xbridge - was set up in 2005.
CEO Jason Stockwood, who was previously the head of Match.com, said that the management buyout would enable the broker to build on its success, "accelerating our growth aspirations and vision for the future, while continuing to innovate and challenge the traditional industry model".
He continued: "We have laid down the gauntlet to the commercial insurance industry in recent years, combining home-grown
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