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Announced

Completed

NSM Insurance completed the acquisition of Kingsbridge from Dunedin for $156m.

Financials

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Transaction Value£120m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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risk management

Disposal

Friendly

United Kingdom

Majority

general insurance

Acquisition

Cross Border

Completed

Private Equity

Private

Insurance Brokers

insurance services

Single Bidder

Synopsis

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NSM Insurance, a general underwriting agency, completed the acquisition of Kingsbridge Risk Solutions, an insurance brokerage firm, from Dunedin, a private equity firm, for $156m. "We are excited to expand further in the UK with the acquisition of Kingsbridge, which fits nicely into NSM's portfolio of niche-focused insurance businesses. We look forward to working with James and his team and to providing them with support and resources to continue to grow the business," Geof McKernan, NSM CEO.

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