CCV takes full ownership after owning 30%
CCV has completed the full acquisition of broker Capital & County.
CCV originally purchased a 30% shareholding of Capital & County on 1 September 2008, under the agreement that it would purchase the remaining balance of the shares at a later date. The deal is CCV’s first phased acquisition.
CCV chief operating officer Graham Barr (pictured), said: “Not all businesses are the same – a full acquisition doesn’t always suit every business. CCV is proud of its ability to offer flexible and innovative approaches to M&A – we’re always open to ideas.
“I’m delighted we have been able to work with Capital & County to structure this deal for them over a four year period in a way which has allowed the owners to realise their ambitions and protect the interests of their staff and their customers.”
Capital and County controls approximately £11m GWP and currently employs 26 staff. The business will continue to operate from its current site in Faversham, and will remain managed by joint managing directors, Roger Jordan and Nigel Hargreaves.
Jordan said: “We are very pleased to have completed the sale. This is the first part owned arrangement completed to date by CCV and it has worked very well for both parties.”
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