Sabre snapped up by private equity group BC Partners
Sabre has been bought by BC Partners, according to reports.
Sky News has reported that motor insurer Sabre has been purchased by the private equity group for an undisclosed sum, although a banker said Sabre was likely to have been valued in the “low hundreds of millions” of pounds.
BC, which is preparing to float estate agency firm Foxtons, has bought a controlling stake in Sabre, with the company’s senior management reinvesting part of their windfall in the company, according to sources close to the transaction.
Sabre was sold by Commercial Union and
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