The Company, which specialises in private client and niche commercial insurance advisory and broking business with a focus on high net worth individuals, is one of the top 15 independent brokers in the UK and had annual premiums approaching £100m.

The MBO, funded by Synova Capital, provides the enlarged management team, led by CEO Tim Johnson, the resources to continue to grow the business, both organically and by acquisitions, while allowing the complete exit for one of the co-founders and a partial cash out for the two other co-founders who wished to remain in the business.

IMAS was instrumental in taking managements’ set of projections from “done on the back of an envelope” to a fully worked up financial model with three year projections for different scenarios, creating a formal business plan and assisting in the due diligence process in order to facilitate Synova Capital’s investment in the business.