ELMC Group sale process advances to second round of bids
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ELMC Group sale process advances to second round of bids

Adam McNestrie, 
Farhin Lilywala
June 14, 2022
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ELMC logo with Richard Fleder.jpg

A bid process for medical stop-loss MGA ELMC Group has entered its second round as JC Flowers looks to exit its investment, this publication has learned.

The Richard Fleder-led MGA writes around $130mn of business and has Ebitda of roughly $14mn. First round bids are understood to be at low teen multiples, pointing to a valuation that could approach $200mn.

The

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News M&A MGAs/MGUs
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Adam McNestrie
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Farhin Lilywala
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