Clearwater International advises Beech Tree Private Equity backed Avid Insurance Services on raising debt facilities to support the acquisition of Incorporated Insurance Group Ltd

Clearwater International’s Debt Advisory team has advised Beech Tree Private Equity (Beech Tree) backed managing general agent (MGA), Avid Insurance Services Ltd (Avid), on its acquisition of specialist construction MGA Incorporated Insurance Group Ltd (IIGL).

Avid, formed in 2006 with offices in Leeds and London, is an established general insurance intermediary and MGA, holding both Lloyd’s cover holder and Broker status. Avid places a wide variety of personal and commercial products into the market and enjoys a number of successful long-term relationships with capacity providers and distributers.

The transaction sees Avid take a majority stake in IIGL, increasing the gross written premiums of the Avid Group up to €87m (£75m) and adds additional product diversification in adjacent markets.

Clearwater International helped raise debt facilities from Shawbrook Bank and Clydesdale & Yorkshire Bank to support the acquisition of IIGL and to provide Avid with committed facilities to support further acquisition opportunities over the next couple of years. Clearwater International also supported Beech Tree on the primary buy out of Avid in 2019.

  • Image of Beech Tree backed Avid Insurance Company Logo
    raised debt finance from
    Image of Shawbrook Bank and Clydesdale Bank Company Logo
    to support the acquisition of
    Image of IIGL Company Logo
    Acquisition finance
    View Back of Transaction
    Clearwater Advisers

    Adviser to Beech Tree backed Avid Insurance on raising debt facilities to support the acquisition of IIGL

    View more