MGI consists of two main operating divisions, Misys Financial Systems ("MFS") and Misys Insurance Management. MFS provides hardware, software and IT services to UK general insurance intermediaries. Misys Insurance Management, also known as Countrywide, is a network of independently owned insurance brokers who work together with Insurers to provide superior products and servicing for their customers. 

In the year ending 31 May 2005, MGI achieved EBITDA of £17.5m on sales of £33.7m. The business employs 300 people and is headquartered in Worcester. 

Commenting on the announcement, Jason Gatenby, Director of Montagu Private Equity said:

"Since the current managers were appointed to MGI in 1999 the Company has more than doubled its profits. This acquisition is in line with our favoured strategy of backing established teams in businesses with positive momentum. We were attracted to the business by its excellent record of profit growth and cash generation, the potential for growth in commercial lines business and the possibility of synergistic acquisitions. We plan no changes to the management of MGI, with whom we have been very impressed, or the way it is run, and are delighted to be associated with another very high quality business."

Phillip Bell, CEO of MGI added:

"We are pleased that Montagu has decided to back us in continuing to grow MGI. Customers should be reassured that we are committed to continuing the highest levels of service and intend to develop MGI further via organic growth and selected acquisitions. The senior management team is fully committed to staying with the business, to build on the success we have already achieved.