Top 40 law firm Trowers & Hamlins has acted for the sellers of Avid Insurance Services Limited, a specialist insurance company to Beech Tree Private Equity.
With operations in Leeds and London, Avid possesses deep underwriting and sector expertise, particularly in the travel and social housing sectors, to expertly price and manage risks to deliver profitable business to its insurers. The business prides itself on its data driven approach with its systems and processes enabling best-in-class data capabilities.
Stephen Gibson, Managing Director of Avid comments:
“We’re delighted to partner with Beech Tree and look forward to utilising their knowledge and experience of scaling businesses as we embark on our growth plan together. We have built a strong foundation based on our key principle of delivering value to our partners through a disciplined and data-driven underwriting approach." "With long-term fully delegated binder agreements in place, we have the capacity and appetite to support new product lines and to recruit complimentary underwriting teams as we continue to expand our business alongside Beech Tree."
Moad Giebaly, Trowers' senior associate, said:
"We're delighted to see the completion of this project. It's always satisfying working with owner managers, helping to get the deal over the line and supporting clients to realise their future plans. We look forward to seeing what's next."
The corporate acquisition was led by Adrian Jones and Moad Giebaly and assisted by Victoria Pearson, Melanie List advised on tax and Rebecca McGuirk and Vikki Cunliffe on employment. Alison Chivers advised the sellers on their investment and management roll over.
