Sale of Noble Marine

Noble_Marine_2011_v3Noble Marine is a leading, high margin specialist intermediary / MGA operating in a very profitable niche segment of the marine sector. The transaction involved the sale of the business to Royal & Sun Alliance Insurance plc.

Key features of the transaction:

  • Transaction effected via a focused marketing – strong demand shown from brokers and insurers (covering both existing and new markets);
  • Significant proportion of the consideration received in cash at completion; and
  • Principal shareholder was able to step back from the business at completion.

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