0370 270 6000

Browne Jacobson advises management on investment in Autonet Insurance Services

26 September 2016
Browne Jacobson advised the management team at Stoke–on–Trent based insurance broker Autonet Insurance Services in connection with their ongoing investment in the business withHPS Investment Partners.

The deal will give the specialist car and van insurance broker investment and growth potential while preserving key members of its existing management team.

Founder Glynn Keeling will exit the business whilst managing director Ian Donaldson and finance director Craig Ball will retain a stake and continue to lead the company. 

Autonet Insurance was established in 1998 and has since grown into one of the UK’s leading independent van insurance brokers employing over 700 staff and has 340,000 live policies.

New York based HPS Investment Partners was established in 2007 and is a leading global investment firm specialising in private equity, debt, and mezzanine investments. It was originally formed as a unit of Highbridge Capital Management LLC, a subsidiary of J.P. Morgan Asset Management.

Ian Donaldson said:

“We’re delighted to have the support of HPS. We’ve had numerous approaches to sell Autonet. This is the one that turned our head because it gives us long term backing for our next phase of growth and is a great opportunity for the business and our staff. The team at HPS share our ‘Planet Autonet’ values to be passionate, loyal, ambitious, nimble, expert and trustworthy.”

Gavin Cummings led the Browne Jacobson team advising management. 

Focus on...

Press releases

Browne Jacobson’s two ‘rising stars’ announced winners at the WeAreTheCity Awards 2022

A lawyer and a HR business partner from law firm Browne Jacobson have been announced as winners of the WeAreTheCity’s Rising Stars Awards 2022.

View

Press releases

Brace of awards for Browne Jacobson at Insider East Midlands Dealmakers Awards 2022

Browne Jacobson’s corporate finance team is celebrating after winning the prestigious “Corporate Law Firm of the Year’ award at this year’s East Midlands Dealmakers Awards.

View

Blogs

Vaccinations in the Workplace: a higher expectation than one may think

There is currently no legislation requiring employees within the UK to have the COVID-19 vaccine. However, a recent Acas survey found that approximately 22% of employers intend to require their new staff to have the COVID-19 vaccination, and 21% would require their existing staff to be vaccinated too.

View

Press releases

Browne Jacobson’s dealmakers advise Coniston Capital on MBO of bespoke kitchen manufacturer

Browne Jacobson’s corporate dealmakers have advised Coniston Capital on its management buyout (MBO) of bespoke kitchen design manufacturers Harvey Jones for an undisclosed sum.

View