The managers of Open & Direct's insurance broking and premium finance business have bought Belfast-based business for £111.4m from Viridian Group plc.
Managing director Paul Elliot and five senior ...
The managers of Open & Direct's insurance broking and premium finance business have bought Belfast-based business for £111.4m from Viridian Group plc.
Managing director Paul Elliot and five senior executives were supported by London private equity firm Alchemy Partners.
They have set up Open & Direct Holdings Ltd as a new company.
Their purchase includes three Northern Ireland-based intermediaries, the premium financing product PremiumFirst, which was launched late last year in the UK and Ireland and the successful retail credit business.
