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New Deal


Announced

Ardonagh acquire Stanhope Cooper and Renovation 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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Majority

United Kingdom

Insurance Brokers

Domestic

Single Bidder

insurance

Private

Pending

Friendly

Acquisition

Synopsis

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Ardonagh, an insurance company, agreed acquire Stanhope Cooper, a family brokerage, and Renovation Underwriting, an insurance for private client contract works provider. Financial terms were not disclosed. “This latest addition to the Advisory portfolio demonstrates our commitment to furthering the depth and breadth of our client proposition. By investing in these high-pedigree businesses, we are supporting our strategy to continue expansion into HNW private clients as well as large corporate and commercial clients," Richard Tuplin, Advisory CEO.

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