Broking Break: Your Top 5
A frantic start to the year on the news front saw acquisitions, a familiar theme from 2017, continue to dominate. Miles Smith, Markerstudy, and Endsleigh being sold to A-Plan dominated the list but there was still room for SSP’s outage costs to make an appearance.
5) Private equity buys majority stake in Miles Smith as MS Amlin exits
Pollen Street Capital (PSC) is set to buy a majority shareholding in Miles Smith, the broker has revealed.
The deal, subject to approval by the Financial Conduct Authority, will see MS Amlin and other shareholders exit the business.
It is expected to complete in the first quarter of 2018. The price was not disclosed.
Miles Smith has over 220 staff across its head office in London and
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