CBG division exits Giles in MBO
Giles has sold the financial services arm of recent acquisition CBG to the management team.
According to the Manchester Evening News, the buyout of CBG Financial Services, which was sold to Giles as part of the £5m CBG deal in September last year, was led by Steve Rees and Mike Carpenter.
The company, which has 17 staff, will continue to operate from its current base in Wythenshawe, Manchester.
Mr Rees said: “We are delighted to have completed this deal, which ensures the future of CBG Financial Services.
“It’s a very exciting time for everyone involved and we have no doubt that we’ll
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