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5) Private equity buys majority stake in Miles Smith as MS Amlin exits

Pollen Street Capital (PSC) is set to buy a majority shareholding in Miles Smith, the broker has revealed.

The deal, subject to approval by the Financial Conduct Authority, will see MS Amlin and other shareholders exit the business.

It is expected to complete in the first quarter of 2018. The price was not disclosed.

Miles Smith has over 220 staff across its head office in London and branches in Suffolk and Bedfordshire.

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