Add-on Acquisition • Insurance

Jensten Group Acquires Tasker Insurance Group

On June 30, 2021, Jensten Group acquired insurance company Tasker Insurance Group from Alcuin Capital Partners

Acquisition Context
  • This is Jensten Group’s 1st transaction in the Insurance sector.
  • This is Jensten Group’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date June 30, 2021
Target Tasker Insurance Group
Sector Insurance
Buyer(s) Jensten Group
Sellers(s) Alcuin Capital Partners
Deal Type Add-on Acquisition

Target Company

Tasker Insurance Group

London, United Kingdom
Tasker Insurance Group is an insurance intermediary with business operating in the Lloyds broking market in London providing underwriting, commercial insurance, and private client broking. Tasker Insurance Group was formed in 2011 and is based in London, United Kingdom.
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Buyer Overview 1

Buyer

Jensten Group

Huntingdon, United Kingdom

Category Company
Founded 2019
Sector Insurance
DESCRIPTION

Jensten Group is an independent insurance broker. Jensten Group was established in 2019 and is based in Huntingdon, United Kingdom.


Deal Context for Buyer #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Alcuin Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcuin Capital Partners is a London-based private equity firm focused primarily on making growth, or development capital investments in profitable lower middle-market companies. In addition to providing funding for growth, Alcuin also considers buyouts, buy-ins and recapitalizations. The Firm's target investment size is £10 to £30 million. Alcuin looks to be the lead investor and will consider both majority or minority situations.


Deal Context for Seller #
Overall 11 of 15
Sector: Insurance 1 of 2
Type: Add-on Acquisition 7 of 10
Country: United Kingdom 11 of 14
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Hartley Botanic

Oldham, United Kingdom

Hartley Botanic is a manufacturer of premium British domestic greenhouses, it sells a range of luxury greenhouses to keen gardeners prepared to invest significantly in their hobby. Hartley Botanic was established in 1938 and is based in Oldham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Tuffx Glass

Prescot, United Kingdom

Tuffx Glass is a bespoke toughened glass processor specialising in the residential sector. The business offers a comprehensive range of specialist toughened glass, in primarily non-standard shapes and thicknesses, for end applications such as balustrades, partitions and rooflights. Tuffx Glass was founded in 1997 and is based in Prescot, United Kingdom.

Buy -