Loss adjuster GAB Robins is no longer for sale after its US parent Brera Capital announced it was ready to grow the business.
In a statement, Brera said: "After a thorough and detailed review, the board has concluded that the interests of its shareholders are best served by taking advantage of current and emerging opportunities in the international claims market."
The venture capitalist believes major acquisition opportunities in Europe, coupled with the "rapid development of its operation in China", will bring shareholder value in the loss adjuster.
It also said organic growth could be delivered from GAB Robins' "superior" customer service and its IT initiatives such as the Digital Pen field tool recently launched in the UK.