FINANCIAL SERVICES: Connection Capital’s MBO of Hood Group
Armstrong is pleased to have provided commercial due diligence to Connection Capital (Connection) on its management buyout of specialist insurance intermediary Hood Group.
Based in Essex with over 30 years in the insurance industry, Hood Group works with start-ups, consumer brands and large insurers to transform their insurance proposition by delivering innovative business models and products through their niche software platform.
Connection’s investment will enable Hood Group to accelerate its growth strategy while continuing to provide market-leading insurance solutions to its partners and clients.
Armstrong’s due diligence work included in-depth interviews with Hood’s clients and partners, along with detailed analysis of its addressable market, competitive landscape, and growth plans.
Rupert Cookson, Engagement Manager at Armstrong, said: “It was great to work with the Hood management team and Connection to support on this deal. Hood Group is an excellent business operating in an attractive market and is well positioned for growth. Connection’s backing will help Hood’s growth plans and we look forward to following the business as it goes from strength to strength.”
Mark Snaith, Investment Director at Connection Capital, said: “We enjoyed working with the Armstrong team on this transaction. Their industry knowledge and in depth commercial due diligence helped us to assess the opportunity and further validate our expansion plans.”
If you are interested in talking to Armstrong about opportunities in the financial services sector, please contact:
Rupert Cookson
[email protected]
+44 7983 110 150
Matt McNally
[email protected]
+44 7894 736 523