Equity Investment Transaction – Notice of Completion
The Ardonagh Group (“Ardonagh” or the “Group”) today confirms that, further to the announcement made on 15 December 2021 regarding new equity investment into the Group, regulatory approvals have been received and all other closing conditions have been met, resulting in the transaction completing on 31 May 2022, in line with expected timetables.
Notes to Editors
THE ARDONAGH GROUP
The Ardonagh Group is one of the world's leading independent insurance distribution platforms. The Group has the best entrepreneurial and specialised brands with a network of over 150 locations with over 9,000 people. The portfolio offers a highly diversified choice of insurance products and services along the entire insurance value chain in the UK, Ireland, and wider international markets. From complex multinationals to people buying personal insurance policies, understanding the communities it serves, along with the reach and breadth, allows the Group to work with insurance partners to provide a wide range of products and customised solutions that meet customer needs.
Latest announcements
MDS Brazil, part of The Ardonagh Group, to acquire Brazilian D’Or Consultoria
MDS Brazil, a subsidiary of Ardonagh-owned MDS Group (“MDS”) and one of the country's major brokers in the insurance, reinsurance, benefits management and risk consulting segments, today announces it intends to acquire D'Or Consultoria (“D’Or”), a health, dental, life insurance and pensions broker from Rede D’Or Sao Luiz. S.A. (“Rede D’Or”).
Ardonagh to acquire Australian-headquartered and ASX-listed PSC Insurance Group in landmark A$2.3 billion transaction
The Ardonagh Group (“Ardonagh” or “the Group”), one of the world’s largest independent insurance broking platforms, today announced it has entered into a Scheme Implementation Deed (“SID”) to acquire all of the issued ordinary shares in PSC Insurance Group Limited (ASX:PSI) (“PSC”) for A$6.19 in cash per PSC Share pursuant to a scheme of arrangement.