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.”

For more news about management buyouts (MBO), click here. For all our business listings, click here.


Share this article



Latest Businesses for Sale

Multi-Partner Accountancy Practice
London, UK

Premises: Owned. Consultancy: The partners will be available to assist in the transition period to ensure a smooth handover of clients. This practice, which was established in the 1980s, is available for sale, due to the impending retirement of the p...

Asking Price: Offers Invited
Turnover: £1,625,000

FREEHOLD


Accountancy Business
Bedfordshire, UK Wide

This practice, which was established in the 1980's, is available for sale due to the impending retirement of the practitioner. Staff: 4 full-time, 1 part-time. Sole practitioner practice. Offers invited.

Asking Price: Offers Invited
Turnover: £402,000

LEASEHOLD


Accountants Sole Practitioner
Cambridgeshire, UK Wide

This practice, which was established over 15 years ago, is available for sale due to the impending retirement of the practitioner. Consultancy:The owner will be available to assist in the transition period to ensure a smooth handover of clients. Offe...

Asking Price: Offers Invited
Turnover: £470,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
08
 
Apr
 

Insurance broker bought out of administration | BUSINESS SALE

Flintshire-based insurance broker Staveley Head has been acq...

 
07
 
Apr
 

Treasury plan to save medium-sized businesses by taking emergency stakes | BUSINESS NEWS

The Treasury is understood to be considering user taxpayer m...

 
07
 
Apr
 

Clarks makes store closures and explores financing opportunities | COMMERCIAL PROPERTY

Footwear retailer Clarks has confirmed that it will close a ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
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...

 
08
 
Dec
 

Geotechnical firm completes MBO | MBO/MBI

A geotechnical consulting group based in Durham has successf...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources