BDO LLP recently advised the shareholders of Saffron Insurance Holdings Limited (“Saffron”), a highly successful and acquisitive insurance broking group, on the successful sale to Broker Network, one of the UK’s leading insurance networks.
Established over sixty years ago, Saffron is one of East Anglia’s largest insurance brokerages controlling over £30m GWP and employing over 120 people across its 12 offices. This is the fourth regional “powerhouse” acquisition by Broker Network who will continue to back the existing management team of Saffron to continue their acquisition strategy.
The transaction further strengthens BDO’s extensive credentials in the insurance broking and claims management sector and our specialist insurance M&A team have significant experience in advising shareholders and companies on disposal, acquisition and fund raising transactions.
"BDO were appointed to provide advice and support to the shareholders on the deal. The process was managed extremely well throughout and the quality of the advice we received was key to getting the right structure and to securing the best outcome for the shareholders. Their understanding of the investor and knowledge of the insurance market and the M&A world made a real difference. Whenever things got tough, BDO were there. I would not hesitate to recommend BDO."
David Beswick, Managing Director, Saffron Insurance Services Limited