IMAS acted as the exclusive financial adviser to Citybond Holdings Limited on its sale to CSP Holdings Limited.
Citybond is a leading independent multi-channel travel insurance specialist offering a modern portfolio of policies tailored to today’s traveller. The Company distributes its range of products through wholesale, telesales, digital and insurance broking/travel agency channels, offering competitively priced cover, medical screening and other specialist sector knowledge.
With a trading history of over 36 years and a highly-experienced management team, the Company enjoys an excellent reputation for the provision of innovative products, high quality service standards and consistently strong financial performance.
CSP Holdings Limited is a Lloyd’s broking group that has been trading for over 30 years and is a Top 50 UK broker. The group has developed a strong presence in travel, accident and health and employee benefits sectors as well as the more traditional Lloyd’s sectors.
IMAS was responsible for planning and managing the whole transaction process including the initial preparations and data analysis, the marketing of the business to prospective buyers and the ultimate closing of the transaction. Our work included specific valuation advice and assisting in the detailed negotiations with the successful bidder, CSP Holdings.