January 25, 2018 / 2:13 PM / a month ago

BRIEF-‍Ascent Underwriting Gets Bought By Preservation Capital Partners

Jan 25 (Reuters) - ASCENT UNDERWRITING

* ANNOUNCED COMPLETION OF ITS ACQUISITION BY PRESERVATION CAPITAL PARTNERS, HAVING OBTAINED FCA APPROVAL​

* ‍EXISTING ASCENT MANAGEMENT TEAM WILL RETAIN SIGNIFICANT SHAREHOLDING, CONTINUE TO MANAGE BUSINESS DURING ITS NEXT STAGES OF GROWTH

* ‍FURTHER TERMS OF TRANSACTION WERE NOT DISCLOSED​

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