UK’s leading private health and group risk insurance brokers

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Region

North

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Strategy

Buy & build

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Fund

Buy-Out

Strategy

Significant consolidation opportunities in a fragmented market, achievable due to scalable IT model and operating systems.

Value Creation

  • Invested an additional £5m to fund acquisition strategy during the investment lifecycle
  • 80 acquisitions completed and fully integrated by exit
  • Supplemented existing management team with new CEO and CFO who had experience of acquisitions
  • Supported the management team with banking relationships and deal negotiations
  • Invested in IT solutions to enable smooth integration of acquisitions

Outcome

EBITDA growth from c£2m to run rate of £8m at exit, achieving 2.7x cash multiple

Palatine has played an instrumental role in the extraordinary growth from which we’ve benefited since 2013.

Warren Dickson
CEO Chase Templeton