Palatine sells Chase Templeton to Nevada

Under the vendor's four-year tenure, the business undertook an acquisitive growth strategy, completing 75 transactions and increasing its revenues from £90m to £150m.

Throughout the course of 2016, Chase Templeton acquired Southport-based competitor Ultimate Health, Manchester-based Wellbeing Health Insurance, Leeds-based Independent Health Insurance Services, Preston-based Health Equity Solutions and Kelso-based Caledonian Health Solutions.

Chase Templeton was the maiden investment from Palatine's second fund, which held a final close on its £150m hard-cap in July 2013.

A spokesperson for the vendor declined to comment on the deal valuation or returns generated from the sale.

Previous funding
Palatine acquired Chase Templeton in February 2013. The value of the deal was undisclosed, though the GP's second fund typically made equity investments between £10-25m.

Company
Headquartered in Darwen, Lancashire, and founded in 2002, Chase Templeton is a provider of private medical insurance.

People
Palatine Private Equity – Ed Fazakerley (partner).
Chase Templeton – Warren Dickson (CEO).

Advisers
Vendor – Deloitte, Olly Tebbutt, Simon Barrass, Myles Philips (corporate finance); Gateley, Rebecca Grisewood, Steve Roberts (legal); PwC, Jonathan Cooper, Syd Hussain (financial due diligence).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• UK / Ireland
• Financials
• United Kingdom
• Palatine Private Equity