February 4, 2020 (London) – International law firm Proskauer advised the management team of Global Risk Partners ("GRP") on the business's majority acquisition by Searchlight Capital. The deal continues a rising trend over the last year of U.S. private equity companies investing in European insurance businesses.
Founded in 2013, GRP is a leading independent insurance intermediary. Today, GRP is the UK's second largest independent insurance intermediary with Gross Written Premium approaching £800m and more than 1,600 employees.
The Proskauer team was led by partners Alex Griffith (Private Credit), Daniel Hendon (Private Credit), Richard Bull (Private Equity/ M&A), and Stephen Pevsner (Tax) and associates Jessica Viner (Private Credit), Jessica Donnellan (Private Credit) and Thomas Wood (Private Equity/ M&A).
Alex Griffith commented, "We are delighted to have supported the Management team over the last five years as they have raised additional acquisition finance and now have secured a transformative investment from Searchlight Capital."
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