trending Market Intelligence /marketintelligence/en/news-insights/trending/1MtvHBKOG2VHi146C3ti6g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Lovell Minnick-backed Jewel Bidco completes acquisition of Charles Taylor

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Lovell Minnick-backed Jewel Bidco completes acquisition of Charles Taylor

U.K.-based insurance broker Charles Taylor PLC said its acquisition by Lovell Minnick Partners LLC-backed Jewel Bidco Ltd. became effective Jan. 21, after it was authorized by the High Court of Justice in England and Wales Jan. 16.

Jewel Bidco now owns Charles Taylor's entire issued and to be issued share capital.

Both companies agreed to the initial terms of the acquisition in September 2019. However, Jewel Bidco increased the cash offer to 345 pence per share from 315 pence per share for the purchase of 100% of Charles Taylor, after an unnamed third-party showed interest in making a potential offer for the company in November 2019, but backed out later.

Charles Taylor noted that the listing of its shares on the premium listing segment of the Official List and trading of shares on the London Stock Exchange's main market were suspended on Jan. 20. Applications have been made to the Financial Conduct Authority and the LSE regarding the de-listing and cancellation of trading of the shares, expected to take place Jan. 22.

Meanwhile, Edward Creasy, Gill Rider, Paul Hewitt, Barnabas Hurst-Bannister and Tamer Ozmen resigned from Charles Taylor's board, effective today.