Donaldson steps down at Prima as Axa sale completes
Ex-BGL CEO Matthew Donaldson is exiting his roles of chairman of Milan-based Prima Group and non-executive director of Prima UK, following Axa taking a 51% stake in the motor insurance specialist.
The deal for Axa to take a majority holding in the private-equity backed business was first revealed in August and went through on 28 November.
The company operates as a managing general agent and employs over 1,100 people. It had €1.2bn (£1.05bn) of premium in 2024.
RelatedAtec Group appoints ex-BGL CEO and aims to accelerate M&A after PE swoopEuropean private equity investor Perwyn has acquired Atec Group, in an off-market transaction from Kester Capital.
When the purchase was announced Axa
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