Ardonagh invests in specialist M&A broker Hemsley Wynne Furlonge
UK insurance intermediary The Ardonagh Group has entered into an agreement to invest in Hemsley Wynne Furlonge (HWF), a specialist M&A insurance broker which structures bespoke insurance solutions for transactional risks.
HWF specialises in warranty & indemnity, tax, contingent risk, and environmental indemnity products.
The trade and assets of HWF will be acquired by Hamilton Investment Bidco, a subsidiary of the group which will be renamed Hemsley Wynne Furlonge Partners. Ardonagh intends to fund the purchase via its committed acquisition facility.
The founding partners of HWF, Will Hemsley, Rebecca Wynne and Adrian Furlonge, will join Ardonagh upon completion and the business will continue to trade independently.
Ardonagh Group CEO David Ross said: “HWF is a highly respected brand with a top flight and ambitious team. The business’ sustained growth and the trust that has been placed in it by many of the world’s leading legal and financial advisors on marquee transactions is testament to the quality of operations built by the partners.
“We are committed to providing the firepower and support the team deserves for the next phase of its trajectory and at a time of strong M&A market recovery.”
HWF co-founder Hemsley commented: “The last six years have been a phenomenal journey and we’re incredibly proud of the business we have built. Joining Ardonagh affords the HWF team the backing and support to not only continue as a market leader but also accelerate our expansion into new jurisdictions and product lines whilst maintaining our independence and identity. This is a hugely exciting step not only for our team, but a milestone event that our clients will benefit from.”
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