-
CVC funds will invest into Dale to support business growth, which will result in CVC acquiring a majority stake in the business, the companies said. -
It is understood that AUB’s investment in Mexbrit includes the broker’s marine-focused MGA subsidiary Forte Underwriters.
-
Potential suitors have been asked to bid off adjusted Ebitda of ~£40mn.
-
The deal is the latest in a wave of European broker consolidation.
-
The pair bought the broker together from WTW in 2021.
-
CBC is SRG’s 19th acquisition to date and its sixth this year.
-
The sale of the carrier’s home and pet operations includes an initial cash consideration of £82.5mn, with the potential to earn up to £32.5mn more.
-
Over the last seven years Euclid has insured $3.2tn of deal value and has booked nearly $770bn of total incurred loss through 97 paid claims.
-
Backed by Aviva’s underwriting capacity, Optiom provides vehicle replacement insurance in Canada.
-
The Bill O’Farrell-led legacy business has appointed Evercore as it looks for a fresh PE or strategic backer.
-
WTW also said private equity will continue to dominate the M&A landscape in 2024, with firms sitting on “over $2tn in dry powder” which is ready to deploy.
-
UK and Europe head Pathak said MGAs offer strong cash generation and low volatility.
