Whiting & Partners team advises on £1m buyout of an Insurance Brokerage

5th April 2018

 

Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the management team of its £1m buyout of an insurance brokerage.

The Whiting & Partners team, led by Chris Kelly, was approached by the management team after they had a potential opportunity to acquire the insurance brokerage from the founding shareholders. Chris Kelly and the Corporate Finance team managed to structure a suitable deal, meaning the business could be acquired by management.

Chris and his team advised on the structure of the deal to ensure Companies Act and FCA requirements were met. They also prepared projections and obtained a bank loan of £600,000 as well as liaising with solicitors on the legal documentation.

The result led to the management team being able to acquire the shares of one of the founders no longer involved in the business and pursue further growth.



 
Other items in Corporate Finance
 
Chris Kelly
8th October 2019 Whiting & Partners advises Lettings Agency on finding its new Home

Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk has advised a well-established lettings agent on its sale to a national group.   The Whiting & Partners Corporate Finance team were approached by their client when they decided to explore opportunities to sell their agency. The team, led by Corporate Finance Partner, Chris…

Read More »

Chris Kelly
5th April 2018 Whiting & Partners team advises on £1m buyout of an Insurance Brokerage

  Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the management team of its £1m buyout of an insurance brokerage. The Whiting & Partners team, led by Chris Kelly, was approached by the management team after they had a potential opportunity to acquire the insurance brokerage from the founding…

Read More »

Chris Kelly
6th February 2018 Whiting & Partners ensures clients business sale flows smoothly

  Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the shareholders of a pump supplier to a global competitor. The Whiting & Partners team, led by Chris Kelly, marketed the company for sale which led to a number of meetings and subsequent offers from a range of interested parties.…

Read More »

Chris Kelly
5th September 2017 Whiting & Partners find a safe home for IT security firm

Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised an IT security company on its sale to a larger industry player.   The vendors had originally acquired the business via a Management Buy-Out a few years earlier and had significantly grown the business under their ownership. The company had reached…

Read More »

Jeannette Hume
7th October 2016 Preferred Exit

MBO: Self-funding £1m deal allows owners to retire. We have successfully advised the business owners of an engineering firm on its £1m buy out by the existing management team. Our team were initially approached by the business owners for exit planning advice. The owners had successfully built up an engineering business over 20 years and…

Read More »

Ian Piper
7th October 2016 Exit Planning

If you own and run a business that you do not intend to pass on to the ‘next generation’ or liquidate, then, one day, you will have to exit this business. Exit planning is the process by which you plan and prepare for this exit.

Read More »