The Ardonagh Group Announces New Issuance of Debt
Further to its announcement on 11 October 2017 stating the intention to acquire Carole Nash using a combination of new debt and existing liquidity, the Group confirms that it intends to issue to investors £55 million in aggregate principal amount of its 8.325% Senior Secured Notes due 2023. The Group expects to retain the notes proceeds in escrow pending the completion of the acquisition following regulatory approval.
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Email: communications@ardonagh.com
Media Queries External Contact
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Email: communications@ardonagh.com
Latest announcements
Bendigo Insurance Brokers Pty Ltd joins forces with Envest
Bendigo Insurance Brokers Pty Ltd, a trusted name in the Bendigo community for over 35 Years, is pleased to announce a new partnership with The Envest Group. Envest, has acquired a majority stake in the business and adds Bendigo Insurance Brokers to its growing network of Aviso Group brokers.
MDS announces its first acquisition of a broker in Spain
The MDS Group (“MDS”), part of The Ardonagh Group, has announced it has agreed to acquire insurance broker Cobian Insurance Brokers (“Cobian”). Founded in 2018, and headquartered in Madrid, Cobian has a focus on commercial insurance, particularly in industrial risks, energy, construction and financial lines. Pablo Cobián, CEO of Cobian Insurance Brokers will continue to be part of the management team, driving growth in the Spanish market.