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.
