TLT has advised the shareholders of Acquis Insurance Management on a management buyout backed by Dunedin private equity including leverage finance from HSBC.
Acquis, headquartered in Newport, South Wales, provides leasing companies with insurance broking solutions for leased equipment and is currently placing insurance in thirteen countries across Europe, tracking the insurance on over €6bn worth of assets.
Acquis will use the investment to consolidate its growth within its existing markets as well as expanding into new markets, particularly Europe. Acquis is also developing new products to meet a broader range of client needs.
TLT delivered the sale process (which is subject to regulatory approval) from start to finish, protecting shareholder value throughout the transaction and working closely with the other parties and their advisers to deliver a smooth and successful outcome for the shareholders of Acquis.
The team was led by corporate partner Alice Gardner alongside solicitor Luke Thorngate-Davies, legal assistant Rachel Kelly and corporate tax legal director, Mark Braude.
John Chadwick, Andy Hobby and Nick Hunt, Founding Directors of Acquis, said: "TLT has an in-depth understanding of the market Acquis operates in and advised us on all aspects of the buyout delivering a fantastic outcome to all the different parties involved. Alice and the TLT team gave us clear and pragmatic advice at every turn of the transaction."
Alice Gardner, partner at TLT, says: "Despite the continued uncertainty of Brexit, the private equity market is still very active in investing in strong companies and management teams like Acquis. It has been a pleasure to advise the selling shareholders on this process enabling Acquis to accelerate its international expansion plans."
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