Over recent months, a legal team at Michelmores has supported Partners& in executing a series of high-impact acquisitions. These transactions are designed to strengthen Partners&‘s position in the competitive insurance market.
With strategic moves starting in July, the firm has significantly enhanced its private medical insurance offerings and expanded its geographical presence. Each acquisition aligns with Partners&‘s long-term vision to disrupt the insurance market through innovation and growth.
Significant Transactions in Insurance Brokerage
Partners&, with the aid of law firm Michelmores, has successfully carried out four major transactions within the past few months. These deals are seen as transformative moves in the insurance brokerage market, reinforcing Partners&’s ambitious plans to disrupt the industry.
July marked the start of these strategic moves with the acquisition of Switch Health, a Cheltenham-based firm that specialises in private medical insurance. This move aims to strengthen Partners&’s portfolio in the health sector.
Expanding Footprint in the North West
Partners& has also focused on expanding its presence in the North West region. This was achieved through the notable acquisition of SEP Insurance, a Merseyside-based company.
SEP Insurance is well-known for its expertise in commercial vehicle, courier, and taxi risks. With locations in Bootle, Chester, and Southport, this acquisition significantly broadens Partners&’s reach in the region.
Diversification with Halo Consulting
Another significant acquisition by Partners& is Nottingham-based Halo 2018 Limited, trading as Halo Consulting. This firm offers comprehensive market advice on private medical, life, income protection insurance, and more.
Halo Consulting has consistently placed millions of pounds worth of risk with various insurers over the years. This acquisition not only diversifies Partners&’s portfolio but also enhances its advisory services in Nottinghamshire.
By incorporating Halo Consulting, Partners& aims to provide seamless and integrated advice to its clients. This aligns with their broader strategy of offering extensive and holistic insurance solutions.
Strengthening Presence in Cheshire
The most recent transaction involved the acquisition of Nahla Limited, trading as Personal Health Management, a firm based in Cheshire. This deal was finalised earlier this week.
Acquiring Personal Health Management is a strategic move that strengthens Partners&’s footprint in the North West, highlighting the region’s importance to their overall strategy.
Nahla Limited specialises in providing tailored health management solutions, adding another layer of expertise to Partners&’s offerings.
Expert Legal Guidance
The legal team from Michelmores was instrumental in facilitating these acquisitions. The team was led by Partner Adam Kean and included Associate Ben Adams, along with Solicitors Harry Jones and Gruff Cartwright, and Paralegal Philippa Kean.
Phil Barton, Group Chief Executive of Partners&, praised the Michelmores team, stating, “We’re delighted with the way our teams are collaborating. We particularly appreciate their commercial and pragmatic approach to mergers and acquisitions.”
Adam Kean also expressed his enthusiasm, saying, “Partners&‘s acquisitions pave the way for the next stage in their journey, and we were truly excited to help progress them with their strategic focus of moving to further ventures across the UK market.”
Strategic Vision and Future Prospects
These acquisitions are part of Partners&’s long-term vision to become a major player in the UK insurance market. By strategically acquiring companies with unique specialisations, they aim to offer a comprehensive suite of services.
Phil Barton emphasised the importance of collaboration and expert advice in achieving their goals. “The responsiveness of the team, the quality of the advice, and the expertise they have in the mergers and acquisitions space make Michelmores our go-to legal advisors!”
The acquisitions signify Partners&’s commitment to growth and innovation in the UK insurance market. Each transaction is a step toward realising their vision of providing top-tier insurance solutions nationwide.
The series of acquisitions led by Partners& mark a significant step forward in its strategic journey to reshape the UK insurance market. Each deal consolidates Partners&’s industry presence and demonstrates its commitment to innovative growth and comprehensive service offerings. These strategic moves reflect its long-term vision and dedication to providing seamless, top-tier insurance solutions nationwide.
