AVA Insure Ltd acquired by national insurance broker
KBS has successfully overseen the sale of AVA Insure, which generated significant interest in the wider insurance industry before being acquired by A-Plan Holdings.
London-based AVA Insure has achieved considerable growth since its inception in 2013, developing a comprehensive range of home, commercial, property and fleet insurance services.
Existing shareholders Ugur Can and Mehmet Cicek instructed KBS on the sale of AVA Insure, looking to grow under the impetus of a larger entity while retaining the current workforce. Associate Director Fabio Rambelli advised throughout the process, utilising KBS’s network to target trade buyers on a national scale and reach over 50 interested parties.
A-Plan Holdings has integrated AVA Insure into the Aston Lark Group to enhance its growing insurance portfolio. The acquisition is part of the Aston Lark Group’s continued expansion strategy, with over 75 regional locations now established across the UK and Ireland.