UK - Bridges Ventures exits Insurance Dialogue
Bridges Ventures has sold portfolio brokerage company Insurance Dialogue to trade buyer Equity Insurance Group for an undisclosed sum.
In 2005, Bridges Ventures invested £1m into Insurance Dialogue as part of a £1.7m first round of the funding for the company. Over the course of the investment, the company built a new call centre in Bournemouth, which created a number of new jobs.
Dorset-based Insurance Dialogue is an insurance broker that offers tailored insurance products to the over-50s market. Since its inception in January 2004, the business has operated through its trading name insure4retirement.co.uk. The company has call centres in Falmouth, Plymouth and Bournemouth.
Equity Insurance Group is an insurance underwriter.
More on Exits
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Ares Management handed keys to two-thirds of UK sponsor’s portfolio
Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported
Actera Group explores strategic options for Celebi Ground Handling
Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal
Main Capital’s Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater