trending Market Intelligence /marketintelligence/en/news-insights/trending/tww_38t7jknxij0r9lfzaw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
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 *

* Required

In this list

Pro Global agrees to sell outsourcing, consulting biz

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry

Cable Nets Struggle With Little Revenue Growth Expanding Programming Budgets


Pro Global agrees to sell outsourcing, consulting biz

Pro Global Insurance Solutions Plc conditionally agreed to sell its shares in its outsourcing and consulting businesses to a newly formed company, owned by clients of Acuity Investments LLP, for a total consideration of £8.3 million.

The sale covers 100% of the shares of five Pro Global wholly owned units — Pro Insurance Solutions Ltd., Pro IS Inc., Stripe Global Services Ltd., Chiltington Holdings Ltd. and Chiltington International Holding GmbH — and various subsidiaries of those companies. It is subject to regulatory approval and approval by Pro Global shareholders at a general meeting expected to be held in February 2017, following which the company's only trading activity will be through its 30% investment in Asta Capital Ltd.

Pro Global expects to change its name following completion of the sale, although a new name has not yet been chosen. Asta Capital's portfolio of companies includes Lloyd's of London third-party managing agency Asta Managing Agency Ltd.

Acuity Investments is a private equity firm founded by Adam Barron and Toby Franklin. Its clients will fund the purchase price for the transaction, which will be satisfied in cash only.