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.
Solicitors’ firm based in North London looking for a sale or merger. High street firm, extremely well established for almost 100 years, most work via recommendations.
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Established over 30 years with a £1.1 million turnover and 40% profit margin. Sale due to retirement within the partnership. North West England solicitors’ firm trading as a partnership looking for a sale.
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This is an exceptional opportunity to own a Company that has a substantial and desirable 25 year plus reputation. The Company is only for sale due to the overdue retirement of one of the owners. The Company has been an industry leader in its business...
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