The Ardonagh Group, which earlier this year made its move for Bennetts Motorcycling Services Limited and Rural Insurance Group Limited, is on a roll – this time snapping up Knaresborough-headquartered Bravo Group as well as Irish commercial insurance broking giant Arachas.
Share purchase agreements will see Ardonagh acquire the entire share capital of Nevada 4 Midco 1 Limited – the holding company of Bravo Investments Holdings Limited aka Bravo Group – and of Arachas Topco Limited’s holding company Nevada 5 Topco Limited from funds managed by HPS Investment Partners, LLC and Madison Dearborn Partners, LLC.
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