Forbes' Strategic Sale to Howden Strengthens Insurance Portfolio
Deal News | Mar 12, 2025 | Cripps
In a strategic acquisition, Forbes Insurance Limited, a Leicester-based commercial lines insurance broker specializing in niche areas such as aviation, has been acquired by Howden UK&I Holdings Limited. The sale was facilitated by Lowri Jones, who leads the Cripps Insurance M&A team. Cripps, known for its extensive experience in the insurance sector, capitalized on its familiarity with Howden's acquisition strategy to ensure a smooth transaction process. Terence Moyes, the sole shareholder of Forbes Insurance, sought Cripps' expertise to navigate this transition and secure a promising future for Forbes within the Howden network. Howden's recommendation of Cripps underscores the firm's integrity and excellence in handling such transactions. Both Cripps and Moyes expressed satisfaction with the transaction outcome, citing professionalism and perseverance as key factors in delivering a positive result.
Sectors
- Insurance
- Mergers & Acquisitions
- Legal Advisory
Geography
- United Kingdom – The transaction involves UK-based companies, Forbes Insurance Limited and Howden UK&I Holdings Limited, and takes place within the UK's geographic boundaries.
Industry
- Insurance – The article focuses on Forbes Insurance Limited, an insurance brokerage company, which highlights the relevance of the Insurance industry in this context.
- Mergers & Acquisitions – This sector classification is pertinent as the article discusses the acquisition of Forbes Insurance by Howden UK&I Holdings, a notable transaction in the M&A sphere.
- Legal Advisory – Cripps serves a critical role as the legal advisor in the transaction, significantly impacting the outcome and process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Forbes Insurance Limited | Target Company | Company | A Leicester-based commercial lines insurance broker specializing in niche insurance lines. |
| Howden UK&I Holdings Limited | Buyer | Company | A company acquiring Forbes Insurance Limited, aiming to expand its strategic foothold in niche insurance markets. |
| Terence Moyes | Seller (Vendor) | Person | The sole shareholder of Forbes Insurance Limited, working with Cripps for the sale transaction. |
| Cripps | Legal Advisor | Company | The legal firm advising on the sale of Forbes Insurance Limited, known for expertise in the insurance M&A sector. |
| Lowri Jones | Lead Advisor | Person | Leader of the Cripps Insurance M&A team and key advisor handling the Forbes Insurance sale. |