£6m JLT bid is music to Pavilion's ears
JLT Corporate Risks, a wholly owned subsidiary of Jardine Lloyd Thompson, is set to acquire Coventry...
JLT Corporate Risks, a wholly owned subsidiary of Jardine Lloyd Thompson, is set to acquire Coventry-based Pavilion Insurance Network for over £6m. Coventry-based Pavilion specialises in leisure niche insurance - the biggest product is music, including DJs and musical instruments. The gross written premium last year was £3m, and in the last fiscal year Pavilion made earnings before interest tax depreciation and amortisation of £423,000.
Under the terms of the offer, Pavilion shareholders will be
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