Linklaters has advised Hg on the deal, while Travers Smith LLP has advised the management team of A-Plan Group Ltd.
Hg sold A-Plan Group, one of the UK’s largest specialist insurance intermediaries, to Howden, the international insurance broking business. The deal will create one of the UK’s largest insurance brokers managing over £4bn of gross written premium for 1.5 million clients, and operating from more than 100 locations
Under Hg’s ownership, A-Plan has more than doubled its revenues and now has 1.3 million policies compared with 600,000 at acquisition in 2015. Hg worked together with management to transform the business from a predominantly branch-based, personal lines insurance broker, to one with a national footprint across multiple lines of business, supported by industry-leading data and analytics capabilities.
The Linklaters team advising on the deal was led by private equity partner Alex Woodward (Picture – London) alongside Managing Associate Daniel Law (London) and Associate John Tsui (London).
The Travers Smith team was led by Private Equity and Financial Sponsors Partner Adam Orr, supported by Senior Associate Sally Hirst and Associates Eve Dwyer, Shannon Anstee and Sarah Owadally. Specialist tax advice was provided by Tax Partner Hannah Manning, supported by Senior Associate Siv Devakumar and Associates Rob Smith and Lewis Currie.
Law Firms: Linklaters;
Clients: Hg Capital;