Hamilton Locke acted for Honan Insurance Group and its major shareholder US private equity firm, TA Associates on the acquisition of Bovill Risk & Insurance Consultants and the related acquisition financing.
The BRIC acquisition and the raising of the acquisition facilities are both important milestones in continuing Honan’s growth strategy in the domestic Australian market.
Commenting on the transaction, Hamilton Locke partner, Gordon McCann said: “We were delighted to assist Honan in strengthening its national presence in PI and construction insurance. Once again this transaction was another example of how our finance and corporate teams are fully integrated, allowing us to provide seamless service delivery to TA Associates and Honan on both the debt and equity front”.
The corporate team at Hamilton Locke was led by partner Gordon McCann and assisted by senior associate Kate Robinson while the acquisition financing team was led by partner Zina Edwards and special counsel Lauren Cloete and assisted by lawyers Calyb Soekoe and Alex McCullagh.