CVV buys northwest intermediary

Cullum Capital Ventures (CCV) has strengthened its operations in the northwest after buying Liverpool-based intermediary Ajax Insurance Brokers.

The deal, which creates a business with a GWP of more than £70 million, was agreed for an undisclosed sum.

The vendor received financial advice on the disposal by corporate finance practice Vanguard CA.

The firm’s team was led by Brian McCann, who was approached by Ajax’s board to evaluate CCV’s proposal.

McCann said his team then project managed the deal through to completion. “With the backing of CCV’s resources, Ajax is very well placed to benefit from the growth of Merseyside’s economy.”

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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