Options include a sale of the independent broker
Private equity firm Charterhouse Capital Partners has hired Credit Suisse to carry out a strategic review of broking group Giles, Insurance Times has learned.
Charterhouse owns 63.9% of Giles, and options on the table are believed to include a sale to a trade buyer or private equity house.
The company’s debts amounted to £241.7m on 31 August 2011, the most recent figures available.
Charterhouse paid £200m for its stake in Giles in 2008.
Credit Suisse and Charterhouse declined to comment.
No comments yet