IMAS acted as the sole financial adviser to Risk Solutions Group Limited (“RSG”) and its subsidiary Property Insurance Initiatives Limited (“Pii”) on its sale to Stackhouse Poland Group.
Pii is a real estate insurance specialist, established in 2012 and comprises a team who are able to advise on all aspects of property risk, including property owners, terrorism, construction risks, legal indemnity policies, and warranty and indemnity insurance as well as having a key interest in environmental risk insurance.
Brett Sainty, CEO of Pii, said: “Stackhouse Poland is a respected contributor to the UK insurance market, and combining our propositions is a natural fit. The acquisition is an important part of our growth strategy, allowing us to compete at the top of the market on a greater scale.”
Stackhouse Poland is a leading Private Client and specialist Commercial broker. It has a stated objective to grow organically and also through the acquisition of likeminded businesses specialising in the same sectors namely, Private Client, Real Estate, Professional Risks, Marine, Commercial and SME, Community and Private Health & Protection.
IMAS was retained to advise on a transaction that maximised value for RSG while providing Pii’s management team with an environment in which they could continue to develop and progress their careers. This included conducting a targeted and competitive process and assisting the company in developing robust earnings and balance sheet modelling, as well as providing detailed advice on a wide range of commercial and technical points in the negotiations.