Bowmark reinvests in Aston Lark

The firm sold Aston Lark to Goldman Sachs' merchant banking division in May 2019. Unquote understands the deal valued the company at £320-350m.

While Aston Lark was a Bowmark Capital Partners V portfolio company, the firm is currently investing from Bowmark Capital Partners VI, which closed on £600m in 2018.

The company made 13 bolt-on acquisitions during Bowmark's holding period and currently has a large acquisition pipeline.

Previous funding
Bowmark supported the management buyout of Aston Scott in 2015, following which the company's founder, Andrew Scott, retained a significant holding in the business.

Two years later, a new holding company was established to acquire the entire share capital of Lark Group and Aston Scott, with the consolidated group subsequently rebranding as Aston Lark.

Company
Founded in 2017 via the merger of Aston Scott and Lark, London-headquartered Aston Lark provides insurance brokering and employee-benefit-related services. The group spans a broad range of commercial and personal insurance verticals including cyber-risk, film and television production, haulage and logistics, home contents, holiday home and automotive insurance.

Based in London, Aston Lark operates from 27 regional UK offices.

People
Bowmark Capital – David Torbet (partner).

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