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New Deal


Announced

Completed

The Ardonagh Group completed the acquisition of Bennetts Motorcycling Services from Saga Services for $34m.

Financials

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Transaction Value£26m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

motorcycle insurance

Majority

Private

Acquisition

United Kingdom

Property and Casualty Insurance

Friendly

Completed

Synopsis

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The Ardonagh Group, the UK's largest independent insurance broker, completed the acquisition of Bennetts Motorcycling Services, a motorcycle insurance specialist, from Saga Services, a provider of financial and insurance products, for $34m. "Bennetts holds an well-respected position in the bike insurance sector, making it an ideal addition to the Group. As we gather further momentum into the new decade and continue capitalising on the opportunities that arise from the breadth and depth of our position, we look forward to welcoming another leading brand into the Ardonagh family," David Ross, The Ardonagh Group CEO.

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