Tennyson is a niche MGA writing specialist SME commercial policies for charities, community groups and social organisations underwritten exclusively by Zurich. It also manages Zurich’s Town and Parish Council clients. Although independently owned, the close relationship with Zurich effectively precluded the owners from selling the business outside Zurich. Resolution Partners advised the management on the sale, helping them to achieve an attractive valuation on terms which enabled them to capture some of the future growth in value of the business.
Key features of the transaction:
- Rifle-shot sale strategy;
- Existing management secured enhanced management roles following Completion; and
- Transaction concluded on very favourable terms.
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