Sale of Morison Edwards

27 Sep 2019

Morrison Edwards is a leading independent broker specialising in property portfolio insurance. Its Pi-Property scheme, operated as a quasi MGA, and tailored to the needs of property owners and property managing agents insures some £7.2 billion of commercial property, blocks of flats and residential property. Resolution Partners advised the shareholders on the 2019 sale to Clear Group, having previously advised on the MBO from the founder in 2010.

Important features of the transaction include:

  • Innovative, high quality business utilising a modern and sustainable business model generating attractive portfolio underwriting profits;
  • Strong buyer interest for one of the largest independent firms in the West Midlands; and
  • Deal structured with a high level of flexibility so as to enable certain shareholders to sell at completion and others to realise their investment in due course.

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