View more on these topics

Moneysupermarket.com CEO buys co-founder’s near 50 per cent stake

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.

Recommended

Man of the moment

Fund management Brian Donegan, finance director for foreign direct investment on the Isle of Man, explains how the island is forging ahead to realise its fund management ambitions.

Resolution to build for 130/30 demand

Resolution head of sales and marketing Jonathan Polin says the firm is looking to build a series of 130/30 products to meet growing demand.He says US, UK and Far East portfolios have been earmarked but the company is waiting for regulatory clarification.He says: “The process of launching these products needs to come in the right […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com