London, UK Global alternative asset manager The Carlyle Group announced that it has agreed to acquire a significant equity stake in PIB insurance Ltd.
The Jamieson team led by Ian Jamieson and David Kirkpatrick has advised the private investors and managment team of PIB Insurance Brokers on the disposal and the creation of a new structure and management incentive scheme, designed with PIB’s platform growth in mind.
PIB is a fast growing insurance broker, founded in 2014, created to fill a gap in the market for a new independent, client-centric and service-focused broker. PIB employs senior, experienced individuals from the insurance market, and has already demonstrated its ability to differentiate itself, by offering high levels of expertise and service in specialist client sectors. The firm has a growing network of offices in London and across the UK.
“We thoroughly enjoyed working with the Jamieson Team in this unique deal. Ian and David were very professional, worked extremely hard for us and did a great job managing the interests of both our selling Investors and negotiating the new equity package for the PIB management team. Personally, Jamieson have been incredibly supportive throughout, guiding me through the whole process and I’m very grateful they represented us.
We have secured a great deal with Carlyle who are the ideal partner to help us build a significant UK insurance broker”
Brendan McManus, CEO