HFW advises on insurance/reinsurance broker MBO
A HFW team led by Partner Nick Hutton has advised Lloyd's insurance and reinsurance broker Alsford Page & Gems (APG) on a private equity backed management buyout (MBO).
The MBO will see staff holding 28% of the total shareholding with the remaining 72% being held by Australian investment firm PSC Capital.
The deal gives APG the ability to grow its independent wholesale broker business.
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