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Announced

Completed

CLEAR completed the acquisition of Brokerbility Holding.

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

Majority

United Kingdom

insurance products

property & casualty insurance

Acquisition

Friendly

insurance services

Property and Casualty Insurance

Domestic

Single Bidder

Completed

Synopsis

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CLEAR, an independent chartered insurance broker, completed the acquisition of Brokerbility Holding, a parent company of BHIB Insurance Brokers, a company specialising in commercial and industrial risks, and Churchill Insurance, a provider of property and casualty insurance services. Financial terms were not disclosed. “This is a brilliant deal for CLEAR and everyone involved with Brokerbility, BHIB and Churchill. Both Ashwin and Ian have done such a fantastic job and I’m delighted that my friends will continue to lead Brokerbility in the next phase of its exciting journey. With the backing of ECI Partners, we have now secured a material step forward and are well poised to make further acquisitions. This exciting deal also enables investment to grow the Network and to offer members a ‘soft’ succession option which has been on the Brokerbility wish list," Howard Lickens, CLEAR CEO.

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