Darwin backs MBO of A&A Group

The senior management team, led by group CEO Tony Allen, has reportedly reinvested significantly in the company.

Debt
The Royal Bank of Scotland provided acquisition finance to support the deal.

Company
The A&A Group, consisting of Allen & Allen and Hyperformance, is a non-standard motor risks insurance broker. Based in Hampton Hill, UK, and founded in 1968, the group employs 500 staff and has recorded a turnover of around £80m.

People
Partner Jonathan Kaye worked on the deal for Darwin. Tony Allen is CEO of A&A. Ian Chippendale will join the group as chairman of the board.

Advisers
Equity - L.E.K. Consulting (Strategy); Macfarlanes (Legal); Ernst & Young (Financial due diligence); Deloitte (Tax).
Management - Deloitte Corporate Finance (Corporate finance); Slaughter & May (Legal).

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