Announced
Financials
Sources
Tags
insurance
Friendly
Minority
Private
Pending
Acquisition
Cross Border
Single Bidder
Insurance Brokers
United Kingdom
Synopsis
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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