Wedlake Bell Advises Global Risk Partners on Its Latest Major Acquisition
02 / 12 / 2022
City law firm, Wedlake Bell, has advised Global Risk Partners (GRP) on its acquisition of CC Flint and Company Ltd (Flint Insurance). This is GRP’s biggest acquisition since becoming part of Brown & Brown, Inc. in July this year. The value of the deal was not disclosed.
Specialist group, GRP, is one of the leading independent insurance intermediaries in the UK and an operating unit of Brown & Brown, Inc.’s Retail segment. It operates retail broking, specialist managing general agents (MGAs), network and Lloyd’s businesses which enables GRP to serve the growing insurance and risk management needs of its clients. GRP acquires businesses, teams and portfolios that have specialty propositions and strong profitability.
Flint Insurance was founded over 35 years’ ago and will continue to trade under this brand name. It is a thriving commercial insurance broker specialising in commercial business, motor fleet and private clients insurance. The acquisition means it will become a GRP retail hub, and all 126 employees, including vendors Darren and David Taylor, will continue within the business.
The Wedlake Bell Team who advised on the transaction was led by corporate Partner, Nigel Taylor, assisted by James French and Maria Nadarajah with Partner, Mike Ridsdale, advising on the tax elements. Additional advice was given by Wedlake Bell’s employment, pensions, equity incentives and property lawyers. Flint Insurance was advised by Cripps LLP.
Steve Roche, Group Legal Counsel – M&A at GRP, says:
“Well done to the Wedlake Corporate Team for great work and support on this transaction. I greatly valued having you on our side and thank you.”
Nigel Taylor, lead Partner at Wedlake Bell on the transaction, added:
“Wedlake Bell are proud of our long-standing client relationship with GRP on often complex and fast-moving transactions; we are delighted to see GRP’s continued growth.”