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GTCR Announces Sale of Premium Credit Limited

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CHICAGO--(BUSINESS WIRE)--GTCR, a leading private equity firm, announced today it has signed a definitive agreement to sell Premium Credit Limited ("PCL") to Cinven Partners LLP for £462 million. Premium Credit Limited is the leading insurance premium finance company in the United Kingdom and Ireland. PCL works in partnership with a diverse network of leading insurance brokers and carriers to enable businesses and individuals to pay insurance premiums in installments rather than a single annual

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