Carlyle Group acquires wholesale broker

Global alternative asset manager The Carlyle Group has acquired
a majority stake in Wholesale Trading Co-Op Insurance Services, a
privately-held wholesale insurance broker.
The group will rename the newly-acquired vehicle Wholesale Trading
Insurance Services.
The deal will also see the investor take a majority position in
wholesale insurance broker JenCap Holdings, which will be used as a
consolidation vehicle for further acquisitions.
It said the acquisition would position JenCap as a consolida