BAML-run Castel process passes first bid deadline with robust interest

Adam McNestrie,

Catrin Shi, Rachel Dalton

27 July 2023

Arch-owned Castel is currently under auction, with a significant number of indicative offers submitted for the MGA platform earlier this month, this publication understands.

Sources said the business – which is being sold by Bank of America – is being marketed off adjusted Ebitda in excess of £20mn ($26mn).

Based

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Topics

News Castel Arch Capital M&A MGAs/MGUs

Adam McNestrie

Editor-at-Large

Catrin Shi

Editor-in-Chief

Rachel Dalton

Lead Reporter