Miles Smith seeks minority owner

Miles Smith Insurance Group has appointed Deloitte to run a bid
process to bring in a private equity backer, The
Insurance Insider has learned.
Sources told this publication that first round bids have already
been received, with management keen to bring in a private equity
partner.
Banking sources said the business is
being pitched to potential investors as having around £3mn
($3.9mn) of underlying Ebitda, which would point to a valuation
comfortably in excess of £30mn.
Private equit