R&Q launches a fundraiser of more than 100 million dollars to repay its debt

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Randall & Quilter (R&Q) has dropped plans to pursue its proposed sale to Brickell, owned by 777 Partners, after the buyer’s sudden decision to terminate its £482m deal on grounds the legacy and the program manager strongly denied. In order to deleverage its balance sheet and improve its financial profile, R&Q is now focusing on a capital increase of more than 100 million dollars, reaffirming “great confidence” in the future prospects of the company, driven by a “compelling new strategy and significant positive changes”. .

R&Q, Acquisition, Termination, Agreement, Capital increase, Deal, Specialty, SGM, William Spiegel, Alastair Campbell, Global, Insurance, Reinsurance

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