Searchlight completes GRP deal
The move, which was first announced in February, sees founders Peter Cullum and David Margrett retain a minority stake in the business as Mike Bruce becomes group chief executive.
Searchlight Capital Partners’ deal to buy a majority stake in Global Risk Partners (GRP) has been completed following regulatory approval.
The move was announced in February 2020 after months of speculation. Insurance Age reported last August that GRP founders, David Margrett and Peter Cullum, were seeking to dilute their stake in the business but retain an interest.
Following the deal, Mike Bruce has become group chief executive, while Andy Homer takes on the position of non-executive
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