Loading...

No results found

Header image

Stephenson Harwood advises Ardonagh Group on merger deal with Markerstudy

Private Equity | 19/09/2023

Law firm Stephenson Harwood LLP has advised the management team of the personal lines broking business of The Ardonagh Group (Atlanta) on its merger with Markerstudy Group to create a major new player in the UK insurance industry.

The transaction values Atlanta at £1.2 billion and will be funded by a new investment led by Pollen Street Capital and Bain Capital Special Situations. The combined business will provide a wide range of insurance products to millions of consumers, including home and motor insurance, and will employ around 7,300 people across the UK.

With more than 2,100 employees across 12 locations, Atlanta manages c.£1 billion of gross written premium (GWP) on behalf of 2.6 million customers, while Markerstudy has over 5,200 employees, across 19 sites, and had a reported GWP of £2 billion in 2022.

The Stephenson Harwood team was led by partners Adam Crossley and Sam Gray, who were supported by associates Rajiv Kakkad and Isaac Paine.

Share Article

Share on Linkedin Share on Bluesky

Related Expertise

Private Equity

Contributors

Crossley Adam

Adam Crossley

Partner

London

Gray Sam

Sam Gray

Partner

London

Related Articles

Shutterstock 1107337790

Stephenson Harwood advises Smart Managed Solutions on its sale to Investcorp

Private Capital & Funds
Shutterstock 1107337790

Stephenson Harwood advises Ethos Partners on investment in House of Marketers

Private Capital & Funds
Adobestock 228406900

Stephenson Harwood advises Pelican Capital on its investment in Steplab

Private Capital & Funds
Carousel Images2

Stephenson Harwood advises York Space Systems on acquisition of ALL.SPACE

Private Equity
Carousel Images4

Stephenson Harwood advises Eurazeo and Ekoscan Integrity on the acquisition of Contrôle Mesure Systèmes group

Technology
Carousel Images3

Stephenson Harwood promotes eleven to partnership

Corporate
Investment Managers | Legal Services

Stephenson Harwood (Singapore) Alliance advises Beverage Company Osborne on Asia expansion

Private Equity
Adobestock 1177052407

Stephenson Harwood advises bd-capital on its investment into IBA Group

Private Equity
Adobestock 389652213

Stephenson Harwood advises KIMSHEALTH on True North exit and Shari’ah-compliant financing

Private Equity
Shutterstock 1107337790

Stephenson Harwood advises Pelican Capital on EMS investment

Private Equity