Brooks Braithwaite Acquired by Partners& Group in Strategic Expansion
Deal News | Dec 01, 2024 | PDT Solicitors
In a strategic move to bolster its presence in the insurance market, Partners& Group has acquired Brooks Braithwaite Insurance Brokers. This transaction was facilitated with the legal support of Cripps' Corporate insurance M&A team, led by partner Lowri Jones. The deal highlights Partners&'s commitment to strengthening its market position through targeted acquisitions, backed by its investor, the US private equity firm Capital Z. The successful facilitation of the transaction was attributed to Cripps' in-depth understanding of the Partners& structure, ensuring a seamless process. Client Michael Brooks expressed gratitude for the team's efforts in making the transaction effective and efficient.
Sectors
- Insurance
- Private Equity
- Legal Services
Geography
- United States – Capital Z, the private equity backer, is based in the U.S., indicating international financial involvement.
- United Kingdom – Brooks Braithwaite Insurance Brokers and Cripps are based in the UK, indicating the primary geographical focus of the M&A activity.
Industry
- Insurance – Brooks Braithwaite Insurance Brokers operates within the insurance industry, providing broker services and solutions.
- Private Equity – Partners&' acquisition was backed by Capital Z, a private equity investor, highlighting the role of private equity in facilitating and financing strategic acquisitions.
- Legal Services – Cripps provided legal advisory services in the M&A transaction, playing a crucial role in its execution.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brooks Braithwaite Insurance Brokers | Target | Company | An insurance brokerage company acquired by Partners& Group. |
| Partners& Group | Bidding Companybuyer | Company | An expanding insurance company acquiring Brooks Braithwaite to enhance its market presence. |
| Capital Z | Investor | Company | US private equity firm backing the acquisition by Partners& Group. |
| Cripps | Legal Advisor | Company | Provided comprehensive legal support for the M&A transaction. |
| Lowri Jones | Lead Advisor | Person | Corporate Insurance M&A partner at Cripps, leading the legal advisory team. |
| Michael Brooks | Client | Person | Shareholder at Brooks Braithwaite Insurance Brokers, commented on the transaction. |