Deal Overview
- Lead advisory
- Identified and approached private equity backer
- Opened discussions, structured deal and project managed to completion
Momentum Corporate Finance has provided the lead financial advice for the management buyout of Newport-headquartered Acquis Insurance Management (“Acquis”).
Acquis is an independent insurance broker and administrator that provides specialist solutions to the finance and leasing industry. The MBO was backed by Dunedin, the UK mid-market private equity house, and is subject to regulatory approval. HSBC provided senior debt and a revolving credit facility.
The deal enables the current management team, led by Bristol based CEO Nick Leader, to drive the business’ international growth with support and funding from Dunedin.
Momentum structured the deal between vendors, management and investor, from inception to completion, advising on all aspects of the buy side funding.
Founded in 2009, Acquis provides leasing companies with insurance for leased equipment and is currently placing insurance in thirteen countries across Europe. Blue-chip clients include Investec Asset Finance, BNP Paribas Leasing Solutions, Siemens Financial Services, Société Générale Equipment Finance and Deutsche Leasing. The Company employs 38 people.
Following Dunedin’s investment, Acquis plans to grow its team and expand into new markets, particularly in Europe where the business has recently opened a new office in the Netherlands. Acquis will also invest in developing new products to meet a broader range of client needs.
