Giles in line for £100m acquisition push
Chris Giles, chief executive of Giles Insurance Brokers, is in the process of raising £100m of fresh...
Chris Giles, chief executive of Giles Insurance Brokers, is in the process of raising £100m of fresh capital for a concerted consolidation push. The money, three times more than originally planned, will be raised through debt finance and private equity backer Gresham.
Giles has plans to continue acquiring regional brokers with between £5m and £25m of gross written premium. After moving south he has already picked up the retail arm of Miller Insurance Services and £13m Wigan-based broker Kerwin
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