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Michelmores is pleased to have advised one of the UK’s leading insurance advisers, Partners&, on four significant transactions, in line with the firm’s ambitious growth trajectory across the UK.
Partners& occupies a unique place in the insurance brokering market, having established itself as a strong challenger to the industry. It aims to change the market through its innovative business model, successfully combining strategic acquisitions and attracting the best talent in the UK market. The award-winning firm combines traditional insurance broking with modern technology to offer seamless insurance, employee benefits and risk management services.
At the beginning of July, Partners& acquired Cheltenham-based Switch Health with the assistance of Michelmores’ Corporate team members, to enhance its private medical insurance proposition for clients. Partners& recognised that clients were increasingly looking for the right advice in terms of healthcare options and positioned themselves to the be advisers that their clients feel confident turning to – a big strategic milestone for the firm.
Bolstering the firm’s North West footprint, Partners& also completed the significant acquisition of Merseyside-based SEP Insurance earlier this month. SEP are experts in commercial vehicle, courier, and taxi risks for commercial clients with locations in Bootle, Chester and Southport, adding to SEP’s operations in Bolton and Leeds.
Based in Aslockton, Nottingham, Halo 2018 Limited (trading as Halo Consulting), an insurance brokerage offering whole-of-market advice for private medical, life, income protection insurance, critical illness and keyman insurance, has also been acquired by Partners&. Over the years, Halo has placed tens of millions of pounds worth of risk with insurers on behalf of its clients and this new acquisition for Partners& augments the already considerable insurance advisory offering and expands the firm’s seamless advice proposition in Nottinghamshire.
The most recent acquisition of Cheshire-based Nahla Limited (trading as Personal Health Management), which completed earlier this week, will also strengthen the firm’s presence in the North West – another strategically important geography for Partners&.
The Michelmores team advising on the deals was led by Partner Adam Kean, with Associate Ben Adams, alongside Solicitors Harry Jones and Gruff Cartwright, and Paralegal Philippa Kean. These transactions showcase the breadth and depth of expertise at Michelmores to work cross-team and deliver on high value, complex transactions in the heavily regulated insurance market across the UK.
Phil Barton, Group CEO of Partners&, comments on the transactions: Phil Barton, CEO, Partners& said:
“We’re delighted with the way our teams are collaborating. We particularly appreciate their commercial and pragmatic approach to mergers and acquisitions, which very much mirrors our own. The responsiveness of the team, the quality of the advice and the expertise they have in the mergers and acquisitions space make Michelmores our go to legal advisors!”
Adam Kean adds:
“Partners&’s acquisitions pave the way for the next stage in their journey and we were truly excited to help progress them with their strategic focus of moving to further ventures across their UK market. We thoroughly enjoy working with Phil and his team and always hope to provide sage counsel and excellent service – both of which have enabled Partners& to successfully complete these strategic insurance sector deals. We look forward to working with Partners& again in the near future.”
Michelmores’ award-winning Corporate team of 25 specialist lawyers advises clients globally, on capital markets, mergers and acquisitions, management buyouts, impact investing, energy projects, microfinance initiatives and more. With broad market experience and niche expertise, a global network of connections and a collaborative approach, the team is adept at pushing deals through the most challenging commercial pressure points. Read more here.
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