Shoosmiths acts for Chase Templeton on trio of deals

Shoosmiths acts for Chase Templeton on trio of deals


Author: Perry Buck

Shoosmiths' corporate team in Manchester has acted for Chase Templeton on a trio of acquisitions which will take premium income at the insurer to over £100 million and turnover to more than £13 million.

Karen Procter
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Karen Procter

The Lancashire-based private medical insurance company, which is backed by Manchester's Palatine Private Equity, has acquired 23 businesses and books since January 2013, all advised by the corporate team at Shoosmiths.

Chase Templeton has 70 staff at its Darwen headquarters and additional offices in Bridgwater, Somerset. The latest acquisitions include Bedfordshire consultancy Howill Group, which traded as Medisearch Direct, Chelmsford's Simply Assured and Heath Assured (Scotland) of Stenhousemuir.

The Shoosmiths' team helped Chase Templeton complete these latest three deals in just two days and was led by Manchester corporate partner Karen Procter together with corporate solicitor Kelly Harvey. Both have worked closely in advising Chase Templeton over the past two years.

Karen Procter said: 'Chase Templeton is a fast-growing company with a reputation for great customer care. Shoosmiths and Chase Templeton have worked together on a large number of acquisitions. We look forward to continuing the relationship as Chase Templeton maintains its strategy for growth.'

Karen is a partner in the Manchester corporate team with 15 years experience of corporate transactions advising both private and public companies on mergers and acquisitions, joint ventures, capital fundraising and reductions, compliance and corporate governance. Clients describe Karen in terms including: 'All companies need an expert in corporate law to support them and Karen is as good as it gets.'

Head of Shoosmiths' Manchester office, Harold Brako, added: 'Our work with Chase Templeton again demonstrates the strength and depth of the corporate team here in Manchester.

'It also underscores our ability to act for fast-growing SMEs in the North West who are helping to drive the local economy forward while delivering jobs and investment.

'Karen and the team should be proud of their work and the on-going relationship with Chase Templeton. We all wish the company well as it continues on its ambitious growth strategy.'

Shoosmiths' corporate group advises public and private companies, management teams, investors and debt providers right through the business life cycle, from start up and first round finance through to mergers and acquisitions, MBO and MBI transactions, development funding, and on exits, whether by way of sale, listing or private equity investment.