“The Moors are alive with the sound of Bollington”

Can Paul Moors pull this one off?  Bollington, Gresham, Paul Moors, Groupama – names which we’re all interested in at this moment in time.  Gossip, gossip, gossip.........

Insurance Times reported last week: “Manchester-based broker Bollington is being courted by a number of private equity firms to help with a management buyout, with Giles’s former backers Gresham leading the chase…..Staff and management, including chairman Paul Moors, currently have a minority shareholding of 40% and could use private equity funding to buy themselves out of Groupama ownership.”

Research suggests that Mr Moors (fortunately) negotiated a contract at the start of this journey giving him first refusal at an agreed price should the unexpected happen.  And now that it has, securing a contingent future so long ago is a great achievement.  For the staff and for Paul, let’s hope this is true!  However, be aware that 99% of us gossips are usually 100% wrong. 

Dr John C Mitchell

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Views expressed are those of the author only – and true simply to the best of my knowledge.  All information is sourced from publically available sources or emanates from sources deemed to be acting in the best interests of all concerned.  No malicious intent or offence is intended to anybody involved or associated.  No liability is accepted.