Elliott Westland Sells to Partners&
Deal News | Nov 04, 2024 | Cripps
Cripps, a law firm specializing in corporate insurance M&A, successfully facilitated the sale of Elliott Westland Insurance Brokers Limited to Partners& Holdings Limited for an undisclosed sum. Partners&, known for its insurance and risk management expertise, is backed by US private equity group Capital Z. The transaction, led by Cripps partner Lowri Jones, was expedited efficiently, completing just before the Autumn Budget. The experience and prior work with Partners& allowed Cripps to manage the private equity elements of the deal effectively. This is the third such sale that Cripps advised on involving Partners&, reinforcing its reputation as a key adviser in the insurance M&A sector.
Sectors
- Insurance
- Private Equity
- Legal Services
Geography
- United Kingdom – The involved entities, Elliott Westland and Cripps, are likely operating within the UK, making it the primary geographical area relevant to the deal.
- United States – Capital Z, the backing private equity firm of Partners&, is based in the US, introducing a transatlantic element to the transaction.
Industry
- Insurance – The article pertains to the sale of an insurance brokerage, indicating the primary industry involved.
- Private Equity – The buyer, Partners&, is backed by a private equity firm, Capital Z, highlighting the involvement of private equity in the transaction.
- Legal Services – Cripps provided legal advisory on the M&A transaction representing the legal services sector.
Financials
- Undisclosed – The sale price for Elliott Westland Insurance Brokers Limited was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Elliott Westland Insurance Brokers Limited | Target Company | Company | An insurance brokerage firm sold to Partners&. |
| Partners& Holdings Limited | Buyer | Company | A leading insurance and risk management firm that acquired Elliott Westland. |
| Capital Z | Backing Private Equity Firm | Company | A US-based private equity firm backing Partners&. |
| Cripps | Legal Advisor | Company | The law firm that provided legal advisory services for the transaction. |
| Lowri Jones | Corporate Insurance M&A Partner | Person | Led the Cripps team in advising on the transaction. |