A holdings company set up by moneysupermarket.com CEO Simon Nixon has acquired co-founder Duncan Cameron’s almost 50 per cent stake in moneysupermarket.com.
Nixon’s new company paid £162m cash for Cameron’s holding plus approximately 5 per cent of the new company. Cameron left moneysupermarket.com five years ago after a fall-out with Nixon.
A spokesperson says the acquisition is being funded by a senior debt facility.
Moneysupermarket.com offers price comparisons on protection, mortgages and credit cards as well as flights and mobile phones and is rumoured to be planning a £1bn flotation.