Q3 2017 Results announcement
We are pleased to confirm that The Ardonagh Group will be releasing Q3 Results covering the 9 months to 30 September 2017 shortly after 1700hrs (UK) on Monday 20 November 2017. The release will be available to view or download via our website http://www.ardonagh.com . A conference call for investors will be held on Tuesday […]
Update on Issuance of Debt
Further to its 13 October 2017 announcement confirming it had secured funding for the acquisition of Carole Nash, the Group confirms that the gross proceeds from the previously announced issuance of £55 million in aggregate principal amount of our 8.375% Senior Secured Notes due 2023 have closed into escrow. We expect to retain the notes […]
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 […]
The Ardonagh Group announces intention to purchase Carole Nash
The Ardonagh Group (“the Group”) today announces that it has exchanged contracts in relation to the purchase of Carole Nash Insurance Consultants Limited* (“the Company” or “Carole Nash”). Carole Nash will join Autonet within The Ardonagh Group distribution segment. The Group has also obtained commitments to purchase, subject to financing conditions, up to approximately £55 […]
The Ardonagh Group announces release of Shareholder Written Resolution
The Ardonagh Group today announces the release of a Shareholder Written Resolution seeking shareholder approval for entry into a share purchase agreement relating to a proposed acquisition. About the Ardonagh Group Launched in 1997, the Ardonagh Group is a leading independently owned insurance intermediary in the UK. The Ardonagh Group is an important distribution channel […]
Chase Templeton deal adds £6.3m premium
Chase Templeton has reaffirmed its commitment to a long-term “buy and build strategy” having completed five acquisitions since being acquired by the newly formed Ardonagh Group. The deals brought in nearly £6.3 million in annual premium income (API). Finalised over a three-week period (ending August 1st 2017), they saw the broker acquire a mix of […]