MBO of the Avantia Group

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryFinancial Services & Technology & Media

BDO provided integrated transaction services (incl; financial, taxation, IT, financial services compliance and a review of regulatory capital) for the MBO of the Avantia Group, the financial services technology and analytics business that provides property insurance. The £57m MBO was backed by mid-market buyout specialist, ECI Partners.    

Avantia, operates the online consumer home insurance brand HomeProtect and has invested heavily in R&D, building up valuable intellectual property enabling the business to offer home insurance to many households when others consider it too difficult. Avantia operates an innovative online quote interface returning a quote to over 97% of applicants, almost 25% more than its closest competitor.

“BDO provided high quality advice in tight timescales, on a business without the normal level of internal reporting systems to make it through a rigorous private equity due diligence process. The work that BDO produced, helped the management buyout team focus on areas of improvement, together with providing potential acquirers with the information and analysis required to understand the financial and commercial qualities of our strong underlying business. Our thanks to the BDO team for all their hard work; I would be happy to recommend their services.”       

Rod Britton, Avantia Group Chief Financial Officer