Investment firm takes minority stake in Carrot owner
Trak Global Group reveals Three Hills Capital Partners will invest over £40m for a minority stake in the firm.
Three Hills Capital Partners (THCP) is set to take a minority stake in Trak Global Group (TGG), owner of telematics car insurance broker, Carrot Insurance.
THCP will invest over £40m into the firm and TGG stated that it will now focus on supporting growth in North America and is considering making more acquisitions.
TGG is a telematics technology company which has operations in the UK, Europe and North America.
Milestone
Nick Corrie, TGG group chief executive officer, commented: “This is a
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