Clyde & Co advises on sale of Assured Underwriting Group to ANV

Global law firm Clyde & Co has advised Mobeus Equity Partners and the other shareholders of Assured Underwriting Group (AUG) on its sale to ANV Group Holdings (ANV).

AUG is a leading specialist managing general agent providing insurance-backed financial protection products to tour operators and the wider travel sector across the United Kingdom and Europe.

ANV is an independent, global insurance intermediary platform operating across the United States, the United Kingdom and Europe. The company brings together a portfolio of established specialist MGAs, providing a diversified range of insurance products.

The transaction marks a significant milestone in AUG’s development and delivers a strong return for Mobeus and a positive outcome for the other selling shareholders, management and the business. ANV provides a compelling platform for AUG to continue its growth across the UK and Europe while preserving the expertise, relationships and culture that have been central to its success.

Working closely with AUG’s financial adviser, Clyde & Co advised the selling shareholders on all legal aspects of the transaction through to completion. The firm had previously advised AUG on bolt-on acquisitions supporting its expansion in the UK and Europe.

The Clyde & Co team was led by London corporate partner Rob Lowe, supported by legal director Andrew Chadwick and associates Reem Katifi and Nii-Lante Bannerman; tax partners Ray Smith and Malcolm Frost, supported by associates Rose Pan and Sophie Kirk; corporate insurance partner Joris De Geest and associate Igor Shershunovych; IP, technology and commercial partners Ralph Cox and Mark Williamson; and employment partner James Major and associate Charles Austin. 

Munich-based corporate and regulatory partner Eva-Maria Barbosa led the German team that supported the transaction and included counsel Adrian Louw and associates Thora Rock, Jasmine Zamprogno and Christoph Stöger. Paris corporate insurance counsel Jean-Michel Reversac advised on the French law aspects of the transaction.

Rob Lowe, corporate partner at Clyde & Co, said: “This transaction represents an important milestone for AUG following a period of impressive growth and development. Having advised AUG and its management team for a number of years, we were well-placed to support Mobeus and the other shareholders on the sale to ANV. We are confident AUG will continue to grow as part of ANV and wish both teams every success for the future.”