Acquis Management Buy Out sees partnership with Dunedin LLP
To support its growth and expansion plans, Acquis Insurance Management’s management team have completed a Management Buy Out with the backing of specialist private equity investor, Dunedin LLP. The MBO will allow Acquis’ current management team, led by CEO Nick Leader, to accelerate the business’ growth with support and funding from Dunedin. It comes at a time of increasing demand for insurance services in the leasing industry.
Acquis, an independent insurance broker and administrator that provides specialist solutions to the finance and leasing industry, was founded in 2009. It is now the market leader of post activation insurance and currently manages insurance programmes for over 80 leasing companies across 13 countries within the EEA. Acquis’ client base is diverse, including small independent lessors, captive finance companies and international financial institutions such as Investec Asset Finance, BNP Paribas Leasing Solutions, Siemens Financial Services, Société Générale Equipment Finance and Deutsche Leasing.
Following the MBO, Acquis will continue to expand with the dual aim of consolidating the growth within its existing markets, and launching its products and services into new markets. Acquis is also investing in research and development in order to extend its product range to meet a broader range of clients’ needs.
On the partnership with Dunedin, Acquis CEO Nick Leader, commented: “We are seeing increasing demands for Acquis’ services and this partnership with Dunedin gives us the extra firepower to accelerate the Company’s international expansion plans, as well as additional funding to invest in new products for our clients. With significant experience in the insurance space, the Dunedin team really understands our business; they bring a powerful combination of expertise and funding that will enable us to take Acquis to the next level.”
Leader continues: “When deciding upon a partner, it was important for us to consider the cultural fit with our business, the integrity of the people and the specialist skills, knowledge and expertise they are able to contribute. In this regard, I and the rest of the Management Team are delighted to be working with Dunedin and relish the opportunities that lie ahead for us”.
Oliver Bevan, Partner at Dunedin, who will join the Acquis board, commented: “We really look forward to working with Nick and the team at Acquis and see huge potential for the growth of the business, particularly as it expands further into Europe and beyond. Acquis is already the clear UK and European leader in its niche and is well placed to build on its position at the forefront of this fast-growing market. Dunedin has a strong record of investing in specialist insurance and we look forward to drawing on that experience to support Acquis’ ambitious growth plans.”