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New Deal


Announced

Completed

Abry Partners and Aquiline completed a $350m investment in Lloyd’s-backed ERS.

Financials

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Transaction Value£252m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Full Line Insurance

Minority

Friendly

Completed

insurance services

Cross Border

Private Equity

Acquisition

United Kingdom

Private

Synopsis

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Abry Partners, a private equity investment firm, and Aquiline, a provider of private capital to innovative leaders in financial services and technology, completed a $350m investment in Lloyd’s-backed ERS, a motor insurer. “We have been very impressed with the ERS team and believe it is set to take advantage of the highly attractive market outlook. This is a unique opportunity to support a great company in its next chapter of growth and development and we are excited to make ERS our first investment at the world’s leading insurance market, Lloyd’s. We are equally as excited to be partnering with Aquiline, one of the pre-eminent investors in the insurance sector," Brent Stone, Abry Partner.

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