Leasing insurance provider Acquis has completed a management buy-out (MBO) with the backing of private equity investor Dunedin.
The MBO, which is subject to regulatory approval, will enable Acquis’ current management team to accelerate business growth with support from Dunedin.
Founded in 2009, Acquis provides specialist solutions to the finance and leasing industry. The firm’s client base is diverse, including small independent lessors, captive finance companies and international financial institutions such as Investec Asset Finance, BNP Paribas Leasing Solutions, Siemens Financial Services, Société Générale Equipment Finance and Deutsche Leasing.
Following the MBO, Acquis hopes to consolidate its growth within existing markets and launch its products and services into new markets. Investment in research and development has also increased, in order to extend its product range to meet a broader range of clients’ needs.
Nick Leader, chief executive of Acquis, said: “We are seeing increasing demands for Acquis’ services and this partnership with Dunedin gives us the extra firepower to accelerate the Company’s international expansion plans, as well as additional funding to invest in new products for our clients.
“With significant experience in the insurance space, the Dunedin team really understands our business; they bring a powerful combination of expertise and funding that will enable us to take Acquis to the next level.”
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By GlobalDataOliver Bevan, partner at Dunedin who will join the Acquis board, added: “We really look forward to working with Nick and the team at Acquis and see huge potential for the growth of the business, particularly as it expands further into Europe and beyond. Acquis is already the clear UK and European leader in its niche and is well placed to build on its position at the forefront of this fast-growing market.
“Dunedin has a strong record of investing in specialist insurance and we look forward to drawing on that experience to support Acquis’ ambitious growth plans.”