Ardonagh sells remaining Broker Network stake in £30m deal
Nevada, an investment vehicle originally backed by KIRS Group, has purchased a further 19.9% of the business.
Nevada Investment Holdings has bought the remaining 19.9% stake in Broker Network for £30m subject to meeting certain business performance measures.
Nevada is an investment vehicle which was set up by Towergate-owner KIRS Group.
KIRS Group, which was later rebranded as Ardonagh, includes Towergate, Autonet, Chase Templeton, Direct Group, Carole Nash and Price Forbes.
Janice Deakin, deputy CEO of The Ardonagh Group stated: “It’s clear from all we have done in Ardonagh so far that we have no
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk