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New Deal


Announced

Randall & Quilter to acquire ICIICL from Imperial Chemical Industries.

Financials

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

Tags

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Cayman Islands

Friendly

Insurance Brokers

Private

Majority

Acquisition

insurance

Pending

Single Bidder

Domestic

Synopsis

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Randall & Quilter Investment Holdings, a non-life global specialty insurance company, agreed to acquire ICI Insurance, an independent insurance agency, from Imperial Chemical Industries. Financial terms were not disclosed. “This is another acquisition for R&Q that demonstrates the ability to assist companies in finalising legacy long tail exposures. R&Q takes pride in providing finality for captive owners either through outright acquisition or partial structured solutions such as reinsurance or novation,” Paul Corver, R&Q Group Head of M&A.

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