Lloyd’s-focussed investment company Helios Underwriting Plc has completed its swoop for limited liability vehicle (LLV) Park Farm Underwriting Limited.
In a London Stock Exchange filing, the company said: “Helios, the investment vehicle which builds shareholder value through exposure to Lloyd’s, is pleased to announce the completion of a further LLV acquisition.
“This vehicle has been acquired for a total cash consideration of £3.2 million, acquiring syndicate capacity of £2.3 million expanding the access to the Freehold Syndicate capacity.”
Earlier this month, Helios acquired the entire issued capital of Chorlton Underwriting Limited for nearly £2 million.
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