HPS
Towergate owner issues £800m debt offer
Bond offering to refinance existing debt.
Towergate posts Ebitda loss for Q1 2017
Consolidator reports organic growth for the third quarter in a row.
Towergate backers bring together UK GI businesses
Towergate, Autonet, Chase Templeton, Ryan Direct Group and Price Forbes to be combined by the third quarter of 2017.
Towergate-backers buy Chase Templeton
Broker says deal will allow it to continue buy-and-build strategy.
Broker Network buys Boyd Insurance
The network plans to take Boyd’s GWP from £12m to £20m in three years and called the broker a regional powerhouse.
Broking Break: Your top five of the week
It has been a week of finance related stories with two high profile acquisitions and three sets of company accounts making up the top five.
Ryan Direct Group bought by Towergate-backers
Insurance distribution and claims handling firm sold to Nevada Investments.
Towergate-owners poised to buy Ryan Direct Group
HPS Investment Partners and Madison Dearborn Partners are set to buy the provider according to market sources.
Autonet expands into Manchester with new office
Broker recruits 80 people from Towergate’s former SBU unit.
Acquisitions on the horizon, says Autonet’s Donaldson after HPS purchase
Deal valued the broker at north of £100m.
Autonet bought by Towergate-backer HPS
Founder Glynn Keeling to leave the business.