Sovereign invests in Kindertons

Chenavari Investment Managers provided debt to support the transaction. The company aims to grow organically and via acquisitions.

Buy & build specialist Sovereign operates within the service-based sectors of business support services, healthcare and education & training.

Sovereign's portfolio includes Cordium, a global provider of regulatory compliance consulting services to the asset management and securities industries; and Alcumus, a provider of compliance and certification services.

Company
Headquartered in Crewe and founded in 1993, Kindertons provides outsourced accident management services for motor insurers and insurance brokers, together with claims management services for drivers who have been involved in road traffic accidents.

The company operates 11 depots in the UK with a fleet of more than 2,000 vehicles, employing 450 staff.

People
Neil Cox and Rob King led the deal for Sovereign. Shaun Ellison is the founder and managing director of Kindertons. Jon Walden has been appointed non-executive chairman of the company.

Advisers
Equity – Clearwater Corporate Finance, Paul Jones, Chiara Pettinicchio, John Davies, Mark Taylor (Corporate finance, debt); Pinsent Masons Manchester, Gregg Davison, Phil Scott, Andy Phillips (Legal); OC&C, Mark Jannaway, Nigel Stirk (Commercial due diligence); KPMG Manchester, John Hughes, Emma Rhodes (Financial due diligence); Intuitus, Calum Stewart (IT due diligence); Marsh, Peter Vernon (Insurance due diligence).
Company – DWF, Frank Shepherd (Legal).
Debt – DLA Piper Manchester, Matthew Christmas (Legal).

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• UK / Ireland
• Support services
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• Sovereign Capital