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Announced

Completed

Ardonagh Group completed the acquisition of Thames Underwriting.

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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United Kingdom

Majority

Friendly

insurance solutions

Insurance Brokers

Single Bidder

Domestic

Acquisition

Private

Completed

Synopsis

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Ardonagh Group, an insurance management firm, completed the acquisition of Thames Underwriting, a specialist MGA providing insurance solutions. Financial terms were not disclosed. "As a strong brand with brokers across the UK known for their professional underwriting approach and hands-on service proposition, Thames is a great addition to Ardonagh’s suite of MGA brands," Derek Coles, Ardonagh CEO of MGA Binders and Facilities.

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