Minova seals Cap Z refinance as Ebitda rises 26%

Minova Insurance has finalised a deal to refinance the first
part of its preference share deal with private equity house Capital
Z with debt from investment firm Pricoa.
The distribution group also announced that its full-year 2016
Ebitda grew by 26 percent to £17.4mn ($22.3mn).
Revenues for the group, which is the parent company of broker
BMS and MGA Pioneer, climbed by 22.5 percent to £103mn.
Minova issued $50.7mn of preference shares to Cap Zin May 2014, along with...