Shoosmiths advises on Chase Templeton acquisition

Shoosmiths advises on Chase Templeton acquisition

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Author: Alastair Gray

Corporate specialists at Shoosmiths have helped one of the UK's leading private medical and protection insurance brokers make its first acquisition since securing growth funding.

Just weeks ago, the national law firm advised Chase Templeton Group as it won investment from funds managed by the Manchester office of Palatine Private Equity.

Now, Shoosmiths has helped Chase Templeton use some of that funding to purchase Hampshire-based UK Independent (Wessex) Ltd.

The Manchester-based team of senior associate Karen Procter and solicitor Kelly Harvey acted for the Blackburn and Bridgewater-based group in the deal, which sees Chase Templeton add more than 1,100 clients and around £5m annual premium income.

Procter said: "It was just a few weeks ago that we concluded a complex deal taking several months that left Chase Templeton able to pursue its plans for growth.

"Here is the first evidence of those plans in effect, with a significant acquisition by our client and the prospect of more to follow."

Shoosmiths' corporate and banking group operates from its Birmingham, Manchester, Milton Keynes, Nottingham, Reading and Southampton offices; led by a team of partners widely regarded as leaders in their field.

It has advised public and private companies, management teams, investors and debt providers right through the business life cycle; from start-up and first round finance to mergers and acquisitions, MBO and MBI transactions and development funding; to exits, whether through sale, listing, or private equity investment.

Founded in 2002 and with 50 staff, Chase Templeton offers advice on private medical and protection insurance for individuals, families and businesses across the UK.