Private equity (PE)
News review: October
The founder and chairman of direct insurer Esure, Peter Wood, revealed that 2014 would be the earliest date that the company would launch an initial public offering.
Brit recommends buyout deal to shareholders
Brit Insurance has moved a step closer to selling the business after revealing it expects to recommend a buyout offer by Apollo Management and CVC Capital Partners to its shareholders.
Brit planning to recommend offer from Apollo and CVC consortium
Brit Insurance has confirmed receiving a cash offer of £10.75 per share from a consortium formed by Apollo Management and CVC Capital Partners.
Further changes at Brit as distribution boss bids farewell
Brit Insurance's head of distribution Tim Grant is leaving to join Dual Corporate Risks, Insurance Age can reveal.
Private equity house submits revised bid for Brit
The board of Brit Insurance Holdings has confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Blackham's boutique investment plan
Chris Blackham, former chief executive of Layton Blackham, opens boutique investment house Endorphin to invest in brokers.
Brit rejects PE valuation following share offer
Brit Insurance has confirmed that it has received an offer for the business from private equity firm, Apollo Global Managment.
Brit shares up 20% following private equity approach
Brit Insurance's shares have shot up in value in the first two and a half hours of trading this morning to 881 pence.
Lanes Assistance Services in MBO
Gresham, the UK mid market private equity specialist, has completed an investment of £12.3m in Lanes Assistance Services (LAS).