MVP snaps up stake in Ataraxia as Stuart Randall exits
Ataraxia cites increased growth prospects and sale options for brokers as benefits of the deal.
Minority Venture Partners (MVP) has bought into Ataraxia, Insurance Age can reveal.
The deal, for an undisclosed sum, sees chief executive officer Stuart Randall retire from the business.
Randall was a founder in 2010 after selling his holdings in Brokerbility and Brett and Randall.
As part of the latest deal the remaining stakeholders of Ataraxia have also bought more shares in the company.
Insurance Age understands that Peter Cullum-backed MVP now owns just over 40% of the business with
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