Kennedys has advised Minority Broker Partnerships (MBP) on its minority share investment in London-based broker Eggar Forrester Insurance.
Eggar Forrester is an established independent insurance broker, with a strong track record of providing specialist insurance solutions to its clients. The investment will support Eggar Forrester's next phase of growth while enabling the business to benefit from MBP's investment, expertise and wider network across the insurance broking sector. The existing management team will continue to lead Eggar Forrester.
MBP is a UK-based specialist investment firm backed by insurance entrepreneur Peter Cullum and led by CEO James McCaffrey. MBP acquire minority stakes in independent retail insurance brokers and managing general agents (MGAs), allowing owners to release equity while retaining business control.
The Kennedys team was led by corporate partner Lowri Jones, with support from corporate associate Harpinder Nahl.
Commenting on the transaction, Lowri said: "We are delighted to have advised MBP on its investment in Eggar Forrester. This transaction brings together two businesses with a strong focus on the insurance market and marks another important step in MBP's strategy of partnering with high-quality independent brokers.
This transaction brings together two businesses with a strong focus on the insurance market and marks another important step in MBP's strategy of partnering with high-quality independent brokers.
Lowri Jones, Partner
We were pleased to support MBP throughout the transaction and look forward to seeing Eggar Forrester build on its strong foundations as it continues to pursue its growth ambitions."
James McCaffrey at MBP commented: "Eggar Forrester is a highly respected business with an excellent reputation in the insurance market. We are delighted to partner with the team and look forward to supporting the business as it enters its next phase of growth.
Kennedys provided clear, commercial advice throughout the transaction and played an important role in helping us achieve a successful outcome."
Kennedys' insurance M&A team specialise in advising the insurance sector on domestic and cross-border mergers and acquisitions, investments and strategic transactions across the globe, read more here.