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Announced

Completed

Jensten Group completed the acquisition of Packetts.

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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Insurance Brokers

United Kingdom

Private

Friendly

Majority

broker services

Domestic

Single Bidder

Acquisition

Completed

Synopsis

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Jensten Group, a provider of coversure insurance services, completed the acquisition of Packetts, a chartered broker, specialises in the commercial, not-for-profit, and training sectors. Financial terms were not disclosed. “We are delighted to welcome Packetts to the Jensten family. Marshall and the team are an ideal fit with our existing business and share our group values and culture with a priority focus on high service standards and looking after clients. With the additional support and funding we can provide, the Packetts and Trainsure brands will flourish and grow, both organically and through bolt-on acquisitions and books of business in the North," Alistair Hardie, Jensten Group CEO.

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