Specialist insurance company in South Wales completes MBO

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.”

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