Broker boosts acquisitions war chest.
See analysis: Squaring the Oval & Oval buys two brokers
Oval has refinanced its acquisitions war chest with a £115m debt facility, led by Lloyds TSB and Barclays.
The consolidator has been looking to complete its refinancing for some time.
The deal will enable Oval to continue its acquisition strategy next year.
Lloyds TSB confirmed the deal. “The money is the total that can be drawn down within certain parameters,” said Sebastian Kafetz, relationship manager in the financial institutions team at Lloyds TSB Corporate Markets.
Oval could not be contacted for comment.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
