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Private equity fund manager Cabot Square sells £3.6bn mortgage broker SPF to insurance giant Howden

International insurance broker Howden has acquired SPF Private Clients (SPF), subject to regulatory approval, from private equity fund manager Cabot Square.

SPF will join Howden’s UK & Ireland business to further enhance its position as the leading independent insurance distributor in the region.
 
SPF was formed in 2011 after a management buyout and rebrand of Savills Private Finance, the financial arm of Savills plc, before Cabot Square Capital (Cabot) acquired a majority stake in the business in 2018. 

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