Management sets up special company Talbot Deane Investments for transaction
The management team of broking firm Bollington has reached an agreement to buy a majority stake in the company from previous owner Groupama.
The team, headed by chief executive Paul Moors (pictured) has set up a specially incorporated firm called Talbot Deane Investments to buy the stake.
Completion of the transaction will be subject to regulatory approvals.
Bollington is part of GUK Broking Services, which is owned by French insurance company Groupama. GUK Broking Services was the sister company to UK insurer Groupama Insurances before its sale to Ageas UK.
The other members of the GUK Broking Services group were Carole Nash and Lark. Lark secured its MBO in August.
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