M&A Deal Summary

Ardonagh Group Acquires Arachas Corporate Brokers

On December 2, 2019, Ardonagh Group acquired insurance company Arachas Corporate Brokers from Sovereign Capital Partners for 250M EUR

Acquisition Highlights
  • This is Ardonagh Group’s 2nd transaction in the Insurance sector.
  • This is Ardonagh Group’s largest (disclosed) transaction.
  • This is Ardonagh Group’s 1st transaction in Ireland.

M&A Deal Summary

Date 2019-12-02
Target Arachas Corporate Brokers
Sector Insurance
Buyer(s) Ardonagh Group
Sellers(s) Sovereign Capital Partners
Deal Type Add-on Acquisition
Deal Value 250M EUR

Target

Arachas Corporate Brokers

Dublin, Ireland
website
Arachas Corporate Brokers is a specialist corporate, SME & affinity scheme brokerage delivering exclusive insurance facilities and financial planning services to the Irish business community.

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Buyer(S) 1

Buyer

Ardonagh Group

Jersey, United Kingdom

website


Category Company
Founded 2017
Sector Insurance
DESCRIPTION

Ardonagh Group is an independent insurance distribution platform offers a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. Ardonagh Group was founded in 2017 and is based in Jersey, United Kingdom.


DEAL STATS #
Overall 2 of 7
Sector (Insurance) 2 of 7
Type (Add-on Acquisition) 1 of 4
Country (Ireland) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 The Ardonagh Group - Commercial MGA Businesses

London, United Kingdom

The Ardonagh Group - Commercial MGA Businesses is a full-service managing general agent (MGA) encompassing Commercial Lines, Personal Lines, Agriculture, a London Market business, Geo Specialty, and a European MGA; Geo Europe. With 15 offices across the UK and Europe, Geo Underwriting offers a wide underwriting footprint, diverse product range, and A-rated capacity.

Sell £31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Thames Underwriting

Leigh-on-Sea, United Kingdom

Thames Underwriting Ltd. is a specialist MGA providing insurance solutions to brokers across the Construction, Leisure and Commercial sectors. Thames Underwriting is based in Leigh-on-Sea, United Kingdom.

Buy -

Seller(S) 1

SELLER

Sovereign Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Sovereign Capital Partners (SCP) is a private equity firm that specializes in buy and build opportunities throughout the UK. The Firm targets consolidation strategies in the education and training, healthcare, and outsourced business services sectors. SCP looks to invest £10 to £120 million per transaction. Sovereign Capital Partners was formed in 2001 and is based in London.


DEAL STATS #
Overall 25 of 27
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 11 of 11
Country (Ireland) 1 of 1
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-18 Murgitroyd

Glasgow, United Kingdom

Murgitroyd & Co., Ltd. is a provider of IP services, delivering patent and trade mark legal advice together with a breadth of IP support services to its international client base. Murgitroyd was established in 1975 and is based in Glasgow, United Kingdom.

Buy £65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 ACOLIN Group

Zurich, Switzerland

ACOLIN Group helps asset management businesses to access new markets, meet regulatory obligations, and grow AuM across multiple jurisdictions. The business represents investment funds across European markets, ensuring that all regulatory obligations are rigorously fulfilled and that fund documents are available to investors and to the relevant authorities. The business currently provides services to over 600 asset managers – c.14% of those active in Europe – representing some 1800 investment funds across 30 countries. ACOLIN was formed in 2006 and is based in Zurich, Switzerland.

Buy -