Tue, 14 May 2019 | MBO/MBI
A specialist insurance broker located in South Wales has successfully completed a management buyout with support from a UK mid-market private equity firm.
Acquis Insurance Management operates in the finance and leasing industry and was bought out by the company’s Bristol-based chief executive Nick Leader with the support of Dunedin.
HSBC provided senior debt and a revolving credit facility.
Established in 2009, and headquartered in Newport, Acquis Insurance Management boasts a staff of 38 and provides services in 13 different European countries. Some of its blue-chip clients include Investec Asset Finance, BNP Paribas Leasing Solutions and Société Générale Equipment Finance.
Amongst investing in new products to support a wider portfolio of clients, the investment will also allow the insurance brokers to expand its team and into new markets in Europe, starting with the Netherlands where it has recently opened a new office.
Leader said: “Our partnership with Dunedin gives us the extra firepower to accelerate the company’s international expansion plans, as well as additional funding to invest in new products for our clients.
“With significant experience in the insurance space, the Dunedin team really understands our business; they bring a powerful combination of expertise and funding that will enable us to take Acquis to the next level.”
Current partner at Dunedin, Oliver Bevan, will take on a position on the Acquis board. He said: “We really look forward to working with Nick and the team at Acquis and see huge potential for the growth of the business, particularly as it expands further into Europe and beyond.
“Acquis is already the clear UK and European leader in its niche and is well placed to build on its position at the forefront of this fast-growing market. Dunedin has a strong record of investing in specialist insurance and we look forward to drawing on that experience to support Acquis’ ambitious growth plans.”
For more news about management buyouts (MBO), click here. For all our business listings, click here.
The Company provides innovative kerbside to airspace consulting, modelling, and forecasting services, to help airports solve the most complex capacity and demand challenges. They assess the entire system including aircraft, passengers, baggage, trans...
An opportunity exists to purchase the business and assets of a general practice law firm operating in the South of England. The practice has a long established heritage and provides a range of legal services including Wills & Probate, Conveyancing, F...
This Independent Financial Advisory firm is jointly owned and are looking at business succession planning for when one of the directors decides to fully retire in 2-3 years’ time whilst the other director is looking to stay on post sale as an adviser...
06
|
May
|
Tekmar Group disposes of subsea company for £1.9m | DIVISION SALE
Tekmar Group, a Darlington-based supplier of technology and ...
06
|
May
|
Frasers acquires MATCHES IP out of administration | BUSINESS SALE
Frasers Group has acquired the intellectual property of e-co...
03
|
May
|
Three Aberdeen legal firms merge to form all-service provider | MERGER
Three prominent Aberdeen legal businesses have merged to for...
11
|
Sep
|
McLaren plots sale and leaseback of iconic Surrey HQ | COMMERCIAL PROPERTY
Supercar and F1 racing group McLaren has engaged property ag...
15
|
May
|
Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE
Challenge TRG Group, headquartered in Wigan, has successfull...
24
|
Jan
|
Yorkshire engineering firm completes MBO deal | MBO/MBI
A West Yorkshire engineering group has been taken over by th...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.