£127m deal was approved by broker’s shareholders

Brightside’s shareholders have approved a takeover of the company by private equity firm AnaCap.

The private equity house made an offer of 25p a share in May, valuing the broking group at £127m.

Trading in Brightside shares is scheduled to be suspended on 24 July, with a full de-listing from the AIM stockmarket taking place the following day.

Brightside was the subject of a failed takeover bid by insurance group Markerstudy last year.

Talks broke down when Markerstudy lowered its offer price to between 20p and 22p a share from the original offer of 27p a share.