0370 270 6000

Browne Jacobson completes CAA acquisition for Gallagher Bassett

7 July 2015

Browne Jacobson’s corporate finance team has advised Gallagher Bassett International (GBI) on its acquisition of CAA (Countrywide Accident Assistance Limited).

CAA is one of the country’s largest motor claims solution companies, specialising in offering FNOL (first notification of loss), accidental damage and third-party repair management, loss recovery, vehicle hire & rental and telematics services to insurers, brokers and commercial clients.

GBI is a global Third Party Claims Administrator and is one of the UK’s largest, employing over 400 staff at seven locations servicing insurer, national and local government, and major commercial clients’ claims handling and risk control needs.

GBI’s Managing Director Nick Bonser said: “We are delighted to welcome CAA to the Gallagher Bassett family. This acquisition will combine GBI’s global claims management expertise with CAA’s market leadership in the motor insurance sector to provide an enhanced service offering to existing and new clients.”

CAA’s Managing Director David Hayward commented: “Joining Gallagher Bassett creates an exciting opportunity to quickly build upon existing successful joint service relationships, with new clients already won in anticipation of the strength of the joint proposition.”

The Browne Jacobson team was led by corporate partner Gavin Cummings, assisted by Associate Vicky Gaskell.

Gavin Cummings added: “We are delighted to act on our first acquisition for Gallagher Basset having worked together on claims handling for many years. Our team incorporated specialist insurance lawyers who were able to assist with understanding Countrywide’s business.”

 

Focus on...

Press releases

Browne Jacobson’s Private Equity specialists advise Palatine on key CTS exit

Browne Jacobson’s national private equity (PE) lawyers have advised leading mid-market PE investment firm, Palatine Private Equity (Palatine) on its exit from CTS Group, the fast-growing specialist in testing, inspection and geoengineering consulting services to the construction and infrastructure sectors.

View

Press releases

Browne Jacobson’s specialist corporate finance lawyers advise LDC on sale of global IT services provider

Browne Jacobson’s corporate finance lawyers have advised leading mid-market private equity firm, LDC and management on the sale of specialist managed IT services provider, Littlefish to Bowmark Capital.

View

Press releases

Browne Jacobson advise CTS Group on acquisition of In Situ testing specialists

Browne Jacobson’s private equity (PE) dealmakers have advised Palatine Private Equity backed CTS Group (Construction Testing Solutions Limited) on its acquisition of In Situ Site Investigation, a market leader in Cone Penetration Testing and Pressuremeter techniques and ground investigation services.

View

Legal updates

M&A trends in the specialist lending market

In this update, we look at what is behind the recent drive in Merger & Acquisition (M&A) activity involving high street lenders, Private Equity (PE) Houses, FinTechs and other specialist lenders. We also analyse the benefits that M&A activity offers to businesses and the touch upon the impact this trend is having on the competitive landscape.

View

Lakhbir Rakar

Lakhbir Rakar

PR Manager