LATEST TRANSACTIONS

IMAS acted as the exclusive financial adviser to Manchester Underwriting Agencies Limited (“Manchester Underwriting”) on the sale of the business to Gallagher Holdings (UK) Limited (“Gallaghers”). Manchester Underwriting (or ‘MUM’) is a multi-class, full-service underwriting agency based in the UK….


Client

Acquirer

IMAS acted as the sole financial adviser to Safeonline and its members on its sale to Howden Group.
Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder offers a range of product lines including cyber and tech, financial & professional lines, programmes & binders and contingency and is a member of the Brokerslink network.
Safeonline has a proprietary insurtech platform, iQ, which comprises online quote & bind functionality that distributes to both the UK SME and international wholesale sectors. This online portal provides capacity for SME retail customers and represents a highly complementary distribution model for Howden.
Howden Group is an international specialist insurance broking group with pro forma revenues of £725m and which has recently attracted new investment from Hg, a leading European investor in software and tech-enabled services businesses, valuing the Group at US$5 billion.
IMAS was retained by Safeonline to advise them on the transaction and assist them through the buyers rigorous due diligence process.