Private equity (PE)
Broking Break: Your top five of the week
Redundancies, acquisitions, Brexit moves, debt and pulling products top this week’s most clicked on stories.
Towergate owners confirm new debt interest costs
KIRS prices up £800m of bond debt.
Towergate-backers buy Chase Templeton
Broker says deal will allow it to continue buy-and-build strategy.
Simply Business posts climbing profits for year before Travelers takeover
Parent company Xbridge also reports double digit turnover growth for 2016.
Davies Group makes first buy under new ownership
The deal of Cynergie UK is Davies’ first acquisition since HGGC took a majority stake in the business in January.
Ryan Direct Group silent on JC Flowers rumours
Firm declines to comment on rumours of deal with the buyer of UK General.
News analysis: Private equity still making waves in market
Will PE investment lead to more smaller regional brokers being snapped up?
PE firm Sovereign Capital to target brokers in the UK
Statement follows deal backing broker MBO in Ireland.
Claims manager Davies Group sold for £90m to US-PE firm
PE firm says it will build on Davies' success through organic growth and strategic acquisitions.
Madison Dearborn Partners becomes second largest Towergate shareholder
Tango Investments buys up 17.9% of voting rights.
News analysis: Consolidation continues apace
Ongoing buyouts fuel speculation in the broking market
Madison Dearborn Partners invests in Towergate
Private equity firm makes move through technical takeover offer.
McManus: Sarkozy resignation does not impact PIB
PIB boss says more deals are in the pipeline as consolidation push continues.
Profits soar at Simply Business for 2015
Turnover rises by nearly one-third at online broker.
Dunedin backs Kingsbridge Risk Solutions in private equity deal
Buyout sees former backer Livingbridge fully exit the broker.
Simply Business “thrilled” with Aquiline deal
CEO Jason Stockwood says new deal will allow the broker to grow.
Simply Business sold by AnaCap
Aquiline Capital Partners has bought the business.
Broking Break: Your Top Five of the Week
Acquisitions, recruitment plans and court cases are all to the fore this week in the five most clicked on stories.
McManus hails Carlyle backing as acquisition plans take shape
PIB open to taking on new staff and buying businesses over the next five years.
The Carlyle Group buys stake in PIB Insurance Brokers
Brendan McManus and Chris Giles firm targets acquisition programme after investment.
PIB rumoured for Carlyle Group acquisition
Reports say that Carlyle Group is in lead to buy the Birmingham-based broker headed up by Brendan McManus.
Global Risk Partners posts £2.7m loss
Results show increase in losses but turnover growth as Margrett says he is "over the moon" about performance.
Albion Ventures invests £2m in Innovation Broking
Venture capitalists say they will help broker's growth plans.
Premium opportunity
James Waddell and Francesca Messina look at what has been driving the increase in private equity’s appetite for deals in the insurance broker market