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Maven Invests £3mn In Altra Consultants

Maven Capital Partners has invested £3million in Altra Consultants Limited to fund the growth of its Lloyds of London registered insurance brokering subsidiary Parker Norfolk & Partners Ltd. Following its acquisition of PNP, Altra obtained all requisite FCA approvals to enable it to use PNP’s Lloyds brass plate thereby delivering significant advantage to Altra’s service offering, enabling the firm to generate revenues via a mixture of direct sales to corporate entities and wholesale insurance from other insurance brokers. Julie Glenny, Investment Director at Maven, said: “Maven’s investment in Altra is an opportunity to back a highly experienced leadership team with a strong...