9 October 2019
Taylor Wessing has advised Five Arrows Principal Investments, the private equity arm of Rothschild & Co, on its acquisition of SUCSEZ Groep B.V. from private equity firm Capital A.
SUCSEZ Groep is a leading, technology-driven, distribution platform in the Dutch insurance market, targeting SME customers with a particularly strong focus on income insurance.
The transaction involved the concurrent acquisition of several partly-owned subsidiaries of SUCSEZ Group.
Commenting on the deal, private equity partner James Goold, said: “This deal required expertise from across the UK and the Netherlands, allowing us to display the breadth of expertise we have across our international firm. Five Arrow Principal Investments' deep network in Europe and smart use of technology to create value are things that we have in common."
Samuel Offer, Director at Five Arrows Principal Investments added: “The acquisition of SUCSEZ Groep is the perfect opportunity to invest in a reputable insurance distribution platform with exciting growth prospects. Taylor Wessing was integral in the transaction process, offering a multijurisdictional approach to help get the deal over the line. We look forward to working with the team on future acquisitions and expanding the reach of the business."
The team was led in London by partner James Goold (Private Equity), with support from associates Annick Bredero (Private Equity) and Nick Karangizi (Private Equity).
The team in Amsterdam was led by partners Edwin de Rooij (Corporate) and Elmar Dijkstra (Corporate) with support from associate Rosanne Van Peppen (Corporate), and counsel Elina Mul (Corporate) in Eindhoven.
Bram Nijhof and David Mulder (Competition, EU and Trade) were responsible for obtaining approval for the transaction from the Dutch competition authority, ACM.
Further support was provided by private equity trainee Chloe Szczerbiak in London and Liverpool-based paralegals Jessica Noble and Sarah Palmer.
by multiple authors
by Shane Gleghorn and James Goold