Litica Founders Seal Deal with PIB Group
Deal News | Mar 24, 2025 | Addleshaw Goddard
Addleshaw Goddard has advised the founders and other shareholders of Litica on its sale to PIB Group. Litica, established in London in 2019 by Stephen Bolster and Steve Ruffle, has become a leader in litigation insurance, expanding its reach across Australia, the United States, and Germany. As a Managing General Agent, it has leveraged its strong underwriting capacity to offer complex litigation solutions to private and corporate clients. The acquisition by PIB Group is anticipated to further propel Litica's growth trajectory, aligning with PIB's entrepreneurial ethos. The legal advisory for the deal was spearheaded by Chris Taylor and Tom Crill of Addleshaw Goddard.
Sectors
- Insurance
- Legal Services
- Financial Services
Geography
- United Kingdom – Litica was founded in London and has significant operations in the UK, where it is a leading provider of litigation insurance.
- Australia – Litica's expansion includes operations in Australia.
- United States – Litica has expanded its services to the United States.
- Germany – Part of Litica's international expansion includes Germany.
Industry
- Insurance – Litica operates within the litigation insurance sector, providing insurance coverage for litigation and arbitration cases.
- Legal Services – The transaction involved substantial legal advisory services provided by Addleshaw Goddard, a law firm specializing in corporate deals.
- Financial Services – PIB Group is acquiring Litica, indicating transactions and services related to financial management and business growth.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Litica | Target | Company | A litigation insurance provider, founded in London, operating internationally as a Managing General Agent. |
| PIB Group | Bidding Companybuyer | Company | An acquisitive insurance intermediary group aiming to grow through acquisitions like that of Litica. |
| Addleshaw Goddard | Legal Advisor | Company | A law firm providing legal advice and services, involved in advising Litica's founders in the sale to PIB Group. |
| Stephen Bolster | Co-founder of Litica | Person | One of the founders of Litica, leading its growth and strategic decisions. |
| Steve Ruffle | Co-founder of Litica | Person | A co-founder of Litica, contributing to its development and expansion. |
| Chris Taylor | Corporate Partner at Addleshaw Goddard | Person | Led the legal advisory team for the transaction. |
| Tom Crill | Managing Associate at Addleshaw Goddard | Person | Supported the legal advisory team in the deal. |