A management consortium led by Ian Porton and the Bank of Scotland has announced plans to acquire several Miller Fisher Group businesses from its receivers.
Last Thursday the group announced that it had gone into receivership, while its Irish arm Miller Farrell would continue.
The consortium has offered to acquire the business assets of Miller International Loss Adjusters in the UK and Dubai, as well as the whole of the issued capital of the Miller International Loss Adjusting companies in Hong Kong, Singapore, Latin America and Austria, from the group's receivers Nick Dargan and Jamie Smith of Deloitte & Touche.
The managing director of the Miller International Loss Adjusting operations, Ian Porton, said: "I am delighted to be able to announce a deal to rescue a number of good, quality businesses. The fact that all the senior management of the Miller International Loss Adjusting operations are firmly behind this transaction, together with the solid financial backing we have arranged, should give great comfort to our clients and customers.
"We look forward to accelerating our strong growth and development, especially as we will now be free of the uncertainties surrounding our former parent company in the recent past".
The management consortium and the receivers are working towards signature of definitive documents in the next few days.
