Squire Patton Boggs has advised Perwyn, a leading European private equity investor, on its acquisition of insurance distribution platform Atec Group from Kester Capital. Completion of the transaction is subject to regulatory approval.
The team advising Perwyn was led by Corporate partner Ben Squires in London with the assistance of Matt Canipa in Corporate, and Paul Anderson advising on regulatory matters and Andy Kirkham advising on debt finance.
Atec is a UK-based digital distributor of specialist personal lines insurance products, led by CEO Brendan Devine and CFO Ian Gilbert. The business designs, underwrites, and distributes policies in the specialist home and leisure markets on behalf of over 340,000 policyholders, including through its proprietary ‘insuremy’ and ‘compare’ portals.