Howden Group Holdings has raised more than £875m in debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent in excess of £1bn.

This week, the broker finalised a US$500m seven-year loan, with more than 60 lenders providing capital, including more than 10 new lenders to the group. The group also increased its revolving credit facility from £185m to £360m across a syndicate of banks.

Attracting talent through the acquisition of entrepreneurial businesses with standout expertise and through investment in new hires remains at the heart of the Group’s growth strategy.

Peter Blanc (pictured), executive chairman of Howden UK&I, will now take on the new role of head of M&A, reporting to David Howden, CEO Howden Group, effective immediately. He will support David and the leadership team to deliver the Group’s strategy to build out its geographic reach and product expertise where it can make a difference for clients across retail broking, reinsurance broking and underwriting.

David Howden, CEO, Howden Group Holdings said: “With the formation of HowdenTiger in January we have completed the architecture of the Group. With the £2bn revenue milestone passed and with 14,500 employees across 50 countries and $30bn of GWP, we have the scale and leverage to be the difference that clients and talent are seeking. And now, following the £5bn we have invested over the last three years, we have raised a further £1bn giving us the financial firepower to accelerate at pace by joining with the best businesses and brightest talent who are looking for a forever home where they can continue to deliver their expertise and service in a culture that cherishes entrepreneurial spirit.

“Our focus now turns to three key areas: unlocking the extraordinary value within the Group by harnessing our collective power; attracting talent and aligned businesses; and investing in our infrastructure to ensure our experts are empowered to do their best for our clients."

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