AVEA Insurance – sale to a group of investors led by Presidian Group
Miles Advisory Partners advised the shareholders of AVEA Insurance Limited on the sale of the business to a group of investors led by Presidian Group.
Transaction Details
Sector
Business Services
Miles Role
Sell-side advisor to the shareholders of AVEA Insurance Limited
Deal Type
Business Divestment
Year Completed
2013
Contacts for this Transaction
Lloyd Way
Managing Director
Overview
- AVEA Insurance Limited was a specialist underwriter of insurance products to the niche motor-related intermediary market
- Miles was engaged to advise the shareholders of AVEA on the divestment of the business
- AVEA was sold to a group of investors, including management, led by Presidian Group
Industry Context
Specialist niche underwriters are attractive acquisition targets for groups seeking to control distribution and product economics in defined segments such as motor-related and intermediary insurance. For the selling shareholders, a trade sale to an aligned buyer crystallises value while supporting continuity of the franchise.
