Clear Insurance generates £6.5m in refinancing deal
Broker raises cash to fund future acquisitions and drive growth.
Clear Insurance Management has raised £6.5m in a refinancing deal organised by commercial finance brokers Integritas Financial Solutions.
The money is set to be used to refinance the broker's current bank borrowing and fund several more acquisitions.
Since its formation in 2001 Clear has bought 16 other brokers and grown to over £45m in gross written premium with more than 100 staff.
Howard Lickens, Clear's CEO said: "They [Integritas] tested the market for us to ensure that we chose the right
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