Private equity duo buys UK General plus Precision Partnership
UK General has been acquired by Montague and RCapital Partners from Primary Group for an undisclosed sum.
Insurance Age can reveal that the deal includes Primary’s other asset, Precision Partnership which acts as a support function for a number of MGAs.
Under the terms of the deal, first flagged by Insurance age last month, RCapital has taken a majority stake and Montague Investment Group will take a minority stake, in a transaction led by the joint UK General and Precision Partnership management team of CEO Tim Smyth and CFO Ryan Gill.
The terms of the deal were undisclosed.
UK General is a
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