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New Deal


Announced

Goldman Sachs Asset Management to acquire of a stake in Clear Insurance Management.

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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Tags

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insurance

Friendly

Minority

Private

Pending

Acquisition

Cross Border

Single Bidder

Insurance Brokers

United Kingdom

Synopsis

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Goldman Sachs Asset Management, an American multinational investment bank and financial services company, agreed to acquire of a stake in Clear Insurance Management, a Chartered Insurance Broker arranging business insurance and home insurance for various sectors. Financial terms were not disclosed. Since ECI’s partnership, Clear Group has increased its headcount by 175%, and now employs over 600 people across 15 locations. It has also trebled its premiums, today handling over £330m. This growth demonstrates the quality of the Clear Group platform and people.

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