![Insurance Age](https://www.insuranceage.co.uk/sites/default/files/styles/print_logo/public/2021-11/print-logo.png?itok=F0kVQKky)
Jelf raises £19m
![post-080410-08-gif post-080410-08-gif](/sites/default/files/styles/landscape_750_463/public/import/IMG/935/26935/post-080410-08-gif5117-580x358.gif.webp?itok=xQSEdslW)
Yate-based broker the Jelf Group has raised £19m from a mixture of institutional investors, private equity house Capital Z and its directors.
After announcing an operating loss for 2009, Jelf has raised £19m via a share placing for a mixture of paying down debt, investment and acquisitions. Some of its existing institutional shareholders have given money as well as Capital Z former backers of SBJ which was sold to Axa. Capital Z has bought out 3i's 25% stake in the broker.
For more details see the London Stock Exchange website.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk