Investment Summary

Phoenix Equity Partners Exits Redington

On October 25, 2024, Gallagher invested in business services company Redington from Phoenix Equity Partners

Investment Highlights
  • This is Gallagher’s 77th transaction in the Business Services sector.
  • This is Gallagher’s 44th transaction in the United Kingdom.

Investment Summary

Date 2024-10-25
Target Redington
Sector Business Services
Investor(s) Gallagher
Sellers(s) Phoenix Equity Partners
Deal Type Add-on Acquisition

Target

Redington

London, United Kingdom
Redington is a provider of framework-based, outcome-oriented investment advice, research, and technology to some of the largest institutional investors in the UK, Europe, and China. Redington was established in 2006 and is based in London, United Kingdom.

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Investor(S) 1

Investor

Gallagher

Rolling Meadows, Illinois, United States

Category Company
Founded 1927
Sector Insurance
Employees56,000
Revenue 11.6B USD (2024)
DESCRIPTION
Gallagher's headquarters in Rolling Meadows, Illinois.
Gallagher's headquarters in Rolling Meadows, Illinois.

Gallagher is an international insurance brokerage and risk management services firm. Gallagher has operations in 27 countries and offers its services in more than 140 countries around the world through a network of correspondent brokers and consultants. Gallagher was incorporated in 1927 and is based in Rolling Meadows, Illinois.


DEAL STATS #
Overall 539 of 581
Sector: Business Services M&A 77 of 83
Type: Add-on Acquisition M&A Deals 510 of 549
Country: United Kingdom M&A 44 of 47
Year: 2024 M&A 23 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-25 Via Financial Group

Avalon, Australia

Via Financial Group provides financial planning, wealth management, and life risk advisory services to clients from multiple offices in Australia. Via Financial Group was founded in 2017 and is based in Avalon, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 Filos Agency

Long Beach, New York, United States

Filos Agency is a retail property/casualty insurance agency, based in Long Beach, Florida.

Buy -

Seller(S) 1

SELLER

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.


DEAL STATS #
Overall 45 of 45
Sector: Business Services M&A 7 of 7
Type: Add-on Acquisition M&A Deals 17 of 17
Country: United Kingdom M&A 43 of 43
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-29 Cybanetix

London, United Kingdom

Cybanetix is a UK-based cybersecurity specialist. Cybanetix partners with a range of market-leading technologies to underpin its services, and from its state-of-the-art UK Security Operations Centre, the company supports a range of high-profile enterprise customers with monitoring, defence, and response to cyber threats. Cybanetix was founded in 2017 and is based in London, United Kingdom.

Buy -