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Bravo Group secures growth funding from Deutsche Bank

The Bravo Group which includes Broker Network, Compass and Ethos Broking, has today confirmed it has secured up to £80m loan facility from Deutsche Bank to accelerate its highly successful acquisition strategy, focused on the UK regional insurance broking market.

Over the past two years the Group has seen a period of rapid growth, completing over 20 acquisitions including the purchase of Compass Networks, eight regional brokers and 12 satellite businesses.

Simon Drew, Chief Financial Officer for the Bravo Group said: “We are delighted to be partnering with a high profile institution such as Deutsche Bank, and we believe this is further validation of the success of our acquisition strategy to date. Ethos Broking has become the name to follow within the industry; synonymous with the future of independent community broking. The next phase of our growth will consolidate our position as one of the leading insurance broking platforms in the UK regional market with a deal pipeline and appetite both backed by substantial financial backing.

“We are extremely proud of the Group’s developments to date, and are very excited about the future.”

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Boyd & Company Purchases Edinburgh-based Glenavon Insurance

Broker Network Partner, Boyd & Company, has acquired Glenavon Insurance, a former Broker Network Premier Member and fellow independent Scottish broker. Established in 2009, Edinburgh-based Glenavon Insurance is an independent broker focusing on commercial and personal lines business within the SME sector. The brokerage, which manages almost £3m GWP, employs seven people and provides services […]

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