The Carlyle Group buys stake in PIB Insurance Brokers

chris giles 2

PIB Insurance Brokers has agreed to sell a "significant equity stake" to global alternative asset manager The Carlyle Group.

The investment, first rumoured last week, will come from Carlyle Global Financial Services Partners II, a fund that invests in management buyouts, growth capital opportunities and strategic investments in financial services firms globally.

The terms of the deal have not been released. PIB is currently owned by its management team and external private investors.

This will

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