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.
Benefits from extensive in-house expertise in all areas of property law, predominantly focusing on the provision of conveyancing services for residential properties. Works with a range of commercial and private clients, including property developers,...
LEASEHOLD
An independent recruitment agency successfully supplying temporary and permanent staff within its local area. Multi-accredited business providing an expert service to its clients, matching individuals’ talents, skills, personalities and values with b...
LEASEHOLD
Key attractions of the business: * Leading firm with established brand name and reputation; * Multiple residential properties and commercial tenancies under management providing strong recurring revenue streams; * Loyal long-established client...
LEASEHOLD
|
28
|
|
Sep
|
Dukes Education acquires portfolio of ten nurseries | BUSINESS SALE
Independent schools group Dukes Education has acquired The K...
|
28
|
|
Sep
|
Hybrid online estate agency puts itself up for sale | BUSINESS SALE
Nu:move, a hybrid online estate agency operating via a franc...
|
27
|
|
Sep
|
52.7k sq ft warehouse in Bangor up for sale in £2.86m auction | COMMERCIAL PROPERTY
A 52,797 sq ft warehouse with four industrial units in Bango...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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