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Greene & Greene is a long established firm of solicitors based in Bury St Edmunds, Suffolk. Our lawyers advise individuals and businesses based all over the UK.

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Friday
Jul212017

Greene & Greene advises Nexus on acquisition of Equinox Global 

Greene & Greene Solicitors, based in Bury St. Edmunds has advised specialty managing general agent (MGA), Nexus Group, on its recent acquisition of specialist trade credit insurer, Equinox Global.

Equinox, established in 2009, specialises in writing trade credit insurance for larger corporates and multinational companies and has offices in London, New York, Paris, Hamburg and Amsterdam. It will continue to be provided with underwriting capacity by Beazley – previously its largest shareholder – through a 10-year underwriting support agreement.

Nexus worked with Mergers and Acquisitions specialist, Simon Ratcliffe, a member of the corporate team at Greene & Greene, on this latest transaction, which follows the announcement of its purchase of Vectura Underwriting last week.

 

 

Nexus, which has secured all of the Equinox group companies, announced that the founding shareholders and management team will stay in place as part of the move.

Colin Thompson, founder and Executive Chairman of Nexus, said that Beazley’s offer of a 10-year capacity commitment “speaks volumes about the quality of both Equinox’s underwriting and management. We are excited about working together with Mike and his team to build a global market leading trade credit offering which, when combined with our current trade credit MGA Nexus CIFS, will be a £60m gross written premium (GWP) business underwriting profitable global specialist trade credit insurance”

The companies have exchanged contracts on the deal and completion is scheduled to follow during 2017.

If you have any questions with regards to Corporate law matters, please contact: Simon Ratcliffe (simonratcliffe@greene-greene.com  ~ 01284 717426).

For more information on the services offered by Greene & Greene Solicitors please visit www.greene-greene.com and follow on Twitter @GreeneGreeneLaw.

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