KBS Corporate Oversees the Sale of Ravenhall Risk Solutions Limited
Ravenhall Risk Solutions Limited is a chartered insurance broker, offering an extensive range of products and services to clients throughout the UK. Predominantly operating within the insurance market, the company has established a prominent position within its sector and is held in high regard for the quality and reliability of its offering. This has ensured the longevity and strength of its client base.
Having built up the business over the course of 16 years, the shareholders Neil Grimshaw and James Daly, instructed KBS Corporate to find the right strategic partner. It also became apparent during initial discussions, that it was also vital to find an acquirer who could enable further growth and enable the retention of the current staff.
The opportunity attracted 49 interested parties, some from private equity and investment with the vast majority coming from trade. KBS Corporate was able to utilise these high levels of interest to generate a competitive bidding environment with ten offers. The successful offer came from UK trade buyer Jensten Group Holdings. The deal strengthens Jensten’s operations in Yorkshire and acts as the latest step in its growth strategy.
Alistair Hardie, Jensten Group CEO commented: “We are delighted to welcome Ravenhall to the Jensten family. Neil and the team share our core values and culture, providing an exceptional broking service and putting clients first – making them an ideal fit for the Jensten Group.”
Neil Grimshaw, Ravenhall Director, explained: “After deciding it was time for the business to enter its next phase, Jensten quickly became the obvious choice when looking for a buyer. Their focus on our people and clients from the beginning and their track record of buying brokers in the right way gave us the confidence we were making the right decision.”
Alistair added: “The addition of Ravenhall to the Jensten portfolio further demonstrates that we are the natural home for high quality regional and specialist brokers who want to protect and grow the business they’ve built, ensuring both staff and clients remain central to the business.”
Associate Corporate Director at KBS Corporate, George Barnes, advised Ravenhall Risk Solutions Limited. Adam Gilbert and Georgia Bradley from Chatterton provided Legal advice on the transaction.