Birketts advises leading travel insurance firm on sale to Private Equity House
AllClear Holdings Limited, buying and selling as AllClear Travel Insurance, relies in Romford, Essex and is the leading supplier within the UK of specialist medical travel insurance cowl for people with pre-existing medical situations. The firm additionally operates within the Republic of Ireland and Australia. Since inception, the enterprise has offered cowl to greater than 1 million policy-holders.
Birketts suggested on all authorized issues appearing for all the shareholders, led by joint founders Mike Rutherford (Chairman) and Chris Wacey (CEO). The disposal was led by Adam Jones (Corporate Partner – pictured), with help from Alex Forwood (Corporate Solicitor), Beth Baird (Employment Senior Associate), Daniel Browne (Property Solicitor) and John Kahn (Tax Senior Associate).
Mike Rutherford, Chairman at AllClear Insurance Services, commented: “Birketts’ Corporate Team has a clear understanding of the legal challenges and implications of operating in the insurance sector and their market knowledge showed. They have been invaluable in their advice and commercial experience in helping us to realise our long term ambition of ensuring that any exit was to the right buyer, on the right terms.”
Adam Jones mentioned: “I am delighted that we have been able to assist Mike and the other shareholders in the sale of their company to Synova. This deal required thorough knowledge of our clients’ business and their priorities, experience in the insurance sector, and a clear understanding of private equity structuring”.
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