December 27, 2014 8:52 AM ET

Insurance

Company Overview of Brightside Group Plc

Company Overview

Brightside Group plc, together with its subsidiaries, provides insurance brokerage and financial services to individuals and businesses in the United Kingdom. It provides online and offline insurance broking, premium finance, lead generation and debt management, medical reporting, and software and Web services. The company also offers a range of personal and commercial insurance products, including insurance for taxis, motorhomes, minibuses, couriers, and hauliers, as well as insurance products for landlords, let properties, trades people, and corporate enterprises. Brightside Group plc was founded in 2001 and is based in Bristol, the United Kingdom. As of July 24, 2014, Brightside Group Plc...

MMT Centre

Severn Bridge

Aust

Bristol,  BS35 4BL

United Kingdom

Founded in 2001

1,030 Employees

Phone:

44 14 5463 5860

Key Executives for Brightside Group Plc

Chief Executive Officer
Co-Founder
Age: 59
Financial Director and Member of Executive Board
Group Chief Operating Officer and Member of Executive Board
Chief Operating Officer of Retail Broking
Compensation as of Fiscal Year 2014.

Brightside Group Plc Key Developments

Brightside Eyes A-Plan And A&A

Brightside Group Plc intends to acquire A-Plan Holdings and The A&A Group Limited. The company plans to pursue multiple acquisitions in 2015 from a £350 million fund, according to a well-placed market source. A senior industry boss told Post that Brightside has a war-chest of around £350 million and was looking to complete three acquisitions of around £100 million with the backing. A broking source told Post: "It is pretty logical that [Brightside] would be [looking to acquire]. Anacap's whole plan is to take Brightside and dramatically grow it before selling it on. It has been widely rumored that A-Plan is on the market. You can see a lot of synergy for a broker like Brightside to buy A-Plan."

Brightside Mulls Acquisitions

Brightside Group Plc intends to pursue acquisitions. The company plans to pursue multiple acquisitions in 2015 from a £350 million fund, according to a well-placed market source. A senior industry boss told Post that Brightside has a war-chest of around £350 million and was looking to complete three acquisitions of around £100 million with the backing. "Brightside is planning acquisitions at some stage next year but has no immediate targets in mind and it would therefore be far too early to comment," a Brightside spokesman said. I was really impressed by Anacap's vision for what they want to do with Brightside. We do want to grow the business. There will be opportunities and we will be looking at it both organically and clearly through acquisitions," Mark Cliff, Executive Chairman of Brightside, said.

Brightside Mulls Acquisitions

Brightside Group Plc backed by AnaCap Financial Partners LLP is looking for acquisitions. Mark Cliff, To be Executive Chairman at Brightside Group Plc said, "At this stage, it's that they are really ambitious. We do want to grow the business. There will be opportunities and we will be looking at it both organically and clearly through acquisitions."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 8, 2014
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