CBL Corp administrators announce a deal to sell UK PFP business to US private equity firms

Wed, 04 Jul 2018

By Rebecca Howard July 5 (BusinessDesk) - The administrators of CBL Corp said an agreement has been reached to sell its UK-based Professional Fee Protection business to US private equity firms Highbridge Principal Strategies and Madison Dearborn Partners. The sale terms were not disclosed and the deal is subject to regulatory approval. The sale of PFP - which offers insurance cover that indemnifies business owners for the cost of professional accounting fees that occur in the event of a tax enquiry - resulted from a process initiated by...

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