BPE Solicitors has advised long-established client The Jelf Group Plc on its acquisition of Argyll Insurance (Holdings) Ltd for an estimated total consideration of £12,500,000. Bristol-based The Jelf Group Plc, has instructed BPE’s corporate team as it has pursued a highly successful buy and build strategy over the past two years.
The Argyll Group comprises Argyll Insurance Services Ltd and Argyll Financial Services Ltd and operates in the Kent and Sussex area.
Corporate Partner Tim Ward managed the acquisition of Argyll Insurance (Holdings) Ltd. South East- based law firm Thomas Eggar acted for the vendors.
The acquisition helped to significantly increase the Jelf footprint nationally, extending the company’s operations into the South East.
Alex Alway, Jelf’s Group Chief Executive said: “This deal represent a significant step forward for Jelf, very much in line with our ‘buy and build’ strategy, and will allow the Group to optimise commission rates for commercial and personal lines insurance. Moreover this deal signals a strengthening of our footprint across the UK.”
“We now have a new strong base from which to focus acquisitive and organic growth. The deals offer a great opportunity to cross sell our employee benefit, healthcare and commercial finance services.”
In the year ended 30 September 2007 the Jelf Group, which has offices in Bath Road, Cheltenham, had increased its turnover by 61 per cent to £40.46m.
“The Jelf Group is an extremely dynamic and ambitious company which has grown beyond recognition over the past two years. Its buy and build strategy has helped to establish the Group as leading players in key areas of business and I look forward to supporting the company in the next phase of its growth and development,” said BPE Corporate Partner Tim Ward.
Adopting a strategy of acting for highly acquisitive AIM-listed companies has paid off for the corporate team at BPE Solicitors as they completed the largest number of deals in the firm’s history last year.
BPE managed a raft of corporate and commercial activity, including AIM floats, public takeovers, major M&As and high-value, complex commercial contracts. The eight-strong team operating out of Birmingham and Cheltenham boldly promotes enterprise and completed over 55 deals with an aggregate value of more than £250 million in 2007.
The Argyll Group comprises Argyll Insurance Services Ltd and Argyll Financial Services Ltd and operates in the Kent and Sussex area.
Corporate Partner Tim Ward managed the acquisition of Argyll Insurance (Holdings) Ltd. South East- based law firm Thomas Eggar acted for the vendors.
The acquisition helped to significantly increase the Jelf footprint nationally, extending the company’s operations into the South East.
Alex Alway, Jelf’s Group Chief Executive said: “This deal represent a significant step forward for Jelf, very much in line with our ‘buy and build’ strategy, and will allow the Group to optimise commission rates for commercial and personal lines insurance. Moreover this deal signals a strengthening of our footprint across the UK.”
“We now have a new strong base from which to focus acquisitive and organic growth. The deals offer a great opportunity to cross sell our employee benefit, healthcare and commercial finance services.”
In the year ended 30 September 2007 the Jelf Group, which has offices in Bath Road, Cheltenham, had increased its turnover by 61 per cent to £40.46m.
“The Jelf Group is an extremely dynamic and ambitious company which has grown beyond recognition over the past two years. Its buy and build strategy has helped to establish the Group as leading players in key areas of business and I look forward to supporting the company in the next phase of its growth and development,” said BPE Corporate Partner Tim Ward.
Adopting a strategy of acting for highly acquisitive AIM-listed companies has paid off for the corporate team at BPE Solicitors as they completed the largest number of deals in the firm’s history last year.
BPE managed a raft of corporate and commercial activity, including AIM floats, public takeovers, major M&As and high-value, complex commercial contracts. The eight-strong team operating out of Birmingham and Cheltenham boldly promotes enterprise and completed over 55 deals with an aggregate value of more than £250 million in 2007.
