Bowmark backs Aston Scott MBO

Following the deal, the company's founder Andrew Scott has retained a significant holding in the business and will support the company with acquisitions on a consultancy basis.

The investment will be used to support a continued buy-and-build strategy. According to Bowmark, the SME insurance broking market is highly fragmented with more than 3,000 active brokers.

Company
Aston Scott distributes insurance products for UK insurers including Axa, Aviva, NIG, Allianz and RSA to 33,000 customers.

Established in 1993, Aston Scott operates from 12 regional offices in the UK. The company employs 230 people.

People
Heidi Carslaw is CEO of Aston Scott and is leading the buyout alongside group resources director Sarah Locke. As part of the transaction, Peter Blanc joined as executive chairperson.

The deal was led by Bowmark partner David Torbet.

Advisers
Equity - PwC, Chris Clazier (Financial due diligence); PwC, Matt Woolgar (Tax); Olswang, Chris Mackie (Legal); OC&C, Mark Jannaway (Commercial due diligence); Slaient Solutions, Clare Ryder (Commercial due diligence); Marsh, Christian Short (Insurance); Intuitus, Calum Stewart (IT due diligence); ESG (Environmental due diligence).
Vendor - Cripps, James Beaton (Legal); IMAS, Olly Laughton-Scott (Corporate finance).

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

• Topics
• UK / Ireland
• Buyouts
• Bowmark Capital LLP