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New Deal


Announced

Intermediate Capital Group to acquire a minority stake in Broadstone from Living Bridge.

Financials

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

Sources

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Acquisition

Single Bidder

Private Equity

Domestic

Pending

Customer Relationship Management

United Kingdom

Minority

Friendly

employee benefits solutions

Private

Synopsis

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Intermediate Capital Group, an alternative asset manager in private debt, credit and equity, agreed to acquire a minority stake in Broadstone, provider of specialist pensions, trustee and employee benefits from Living Bridge. Financial terms were not disclosed. “We are delighted to be partnering with ICG as we continue to build a distinctive, integrated UK employee benefits group of scale. I would like to thank Livingbridge for their significant support over the last five years. Whilst it’s very much business as usual for our clients and colleagues, this backing will help us to continue to invest in our talent, solutions and services as we help our clients deliver on their commitment to their members and employees. In addition, it provides us with capital to make further quality acquisitions," Grant Stobart, Broadstone CEO.

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