HGGC-backed Specialist Risk Group completed the acquisition of a 43.8% stake in Paladin from B.P. Marsh for £47.7m.

HGGC-backed Specialist Risk Group, a UK insurance intermediary, completed the acquisition of a 43.8% stake in Paladin, an insurance broker, from B.P. Marsh, a private equity firm, for £47.7m. "It has been an absolute pleasure to work with Andrew Wallas, Rob Cottingham and the whole team at CBC and be a part of the transformational growth since the MBO almost seven years ago. This deal offers an exciting future for both SRG and CBC, and the whole of B.P. Marsh wishes everyone at CBC every success in the future," Jon Newman, B.P. Marsh Finance Director.