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New Deal


Announced

CPP Group acquired Business & Domestic Insurance Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Pending

insurance brokerage services

Acquisition

Friendly

United Kingdom

Insurance Brokers

Single Bidder

Synopsis

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CPP Group, a business selling insurance products, acquired Business & Domestic Insurance Services, one of the largest providers of added value insurance products in the UK. Financial terms were not disclosed. Commenting on the acquisition, Jason Walsh CEO of CPP said: "I am delighted to announce this acquisition which confirms our strategic focus on rebuilding our presence in the UK market. B&D is a market leader in the ancillary product field, with an array of long-standing partner relationships and a great range of innovative products. We look forward to building the business further by combining CPP's technology capabilities with Chris and Linda's proven product expertise."

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