14 May 2019

 Momentum advises on MBO of Newport-headquartered Acquis

 Investment highlights the potential for UK businesses to overcome Brexit challenges and expand internationally with investment and support

Momentum Corporate Finance announced its latest successful transaction, providing 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.

 


Nick Leader, CEO of Acquis

“Momentum were an invaluable part of our team, guiding us through every step of the MBO process.  From the agreement of the deal with the vendors through to partnering with Dunedin they were with us every step of the way. The level of service and quality of advice was first class.” 


Oliver Bevan, Partner at Dunedin

“We thoroughly enjoyed working with Momentum throughout the transaction – they were a key part of the buy side advisory team – driving the deal from inception through to completion.  MBOs are complex transactions and Momentum’s ability to apply senior resource throughout the deal made a real difference.”

 

Rob Crews, Partner at Momentum

“It was a pleasure to work with the management team and Dunedin on this MBO. We were delighted to be involved from the initial structuring of the deal right through the whole deal process.  This is a good news story all round, showing that MBOs can represent a smooth exit for vendors whilst at the same time priming the company for further profitable growth.”