Markerstudy has as we speak confirmed plans to merge with Ardonagh’s private strains broking business Atlanta Group in a deal that creates a business that transacts £3bn of GWP yearly and employs 7300 individuals.
The deal was first touted in May this yr and comes on the again of earlier Markerstudy swoops for BGL and Clegg Gifford following a £200m funding led by Pollen Street Capital.
The transaction, which is topic to customary situations (together with regulatory approvals), values Atlanta at £1.2bn and shall be funded by a brand new funding led by Pollen Street Capital and Bain Capital Special Situations.
Ardonagh and its associated events will obtain a mixture of money and a considerable minority
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