Deal announcement: Sale of John Holman & Sons (Holdings) Ltd
Cripps is delighted to have provided corporate legal advice to John Holman & Sons (Holdings) Limited on the sale of their entire issued share capital to Insurance Holdings Limited (IHL), part of Carroll & Partners and Carroll London Markets.
John Holman & Sons is a long-standing Lloyds broker with a well established reputation in the motor and mid-net worth markets.
The two companies complement each other very well and as a result Carroll Holman Insurance Brokers, the new trading entity, will be a major player in the UK wholesale market for years to come. It provides IHL and its group with a greater presence in the London market.
The deal will allow the John Holman Group and its subsidiary, Sheraton Systems, to continue separately and allow Andrew Holman, the CEO of John Holman, to focus his energies on developing Websure, which is fast becoming the IT platform of choice for the insurance sector.
“Having worked closely with Cripps over a number of years, and knowing that they have plenty of experience in the insurance sector, I was confident the team would provide reliable, commerical and pragmatic advice to ensure our transaction ran smoothly. Their involvement allowed me and the rest of the management team to focus on other elements of the transaction confident the Cripps team would deliver” Andrew Holman, Chief Executive, John Holman Group.
This is one of a number of transactions Cripps has successfully completed recently. To find out more about how we can help you, please get in touch