The Insurance Partnership sold in £12m deal
13th May 2013
WOLVERHAMPTON brokerage The Insurance Partnership (TIP) has been sold to consultancy Jelf for £12m.
The price paid could increase by a further £3.5m depending on future performance.
The £12m consideration will be met by £8.9m of cash and £3.1m in new Jelf shares to be issued on completion of the deal to key senior management and sales staff at TIP.
TIP is a regional general insurance broker with offices in Wolverhampton, Hull, Leeds and York.
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