Consultancy firm Jelf Group is set to acquire Bristol-based insurance broker Lampier for a figure believed to be in the region of £19.63m, reports suggest.
It is reported Jelf will initially pay £12.76m in cash and shares, with a further £6.87m in cash over a two-year period – subject to target achievement. Lampier's insurance premiums will be united with Jelf, taking the combined premium total to approximately £150m. Bob Hearne is expected to remain Lampier managing director and join its operating board. A spokesman from Lampier declined to comment, while noboby from Jelf Group was available. To comment on this story, contact: Hysni Kaso Reporter 0207 034 2681 [email protected] IFAonline
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