BDO has provided a full suite of sell side advisory services relating to the sale of TLO Risk Services to Specialist Risk Group – covering M&A deal advisory, structuring and tax planning.
Specialising primarily in the legal sector, TLO provides insurance solutions to a wide range of firms and individuals that provide professional advisory services. These include barristers, law firms, arbitrators and mediators, as well as accountants, investment agents, surveyors and estate trustees. The team at TLO has deep expertise of the professional indemnity market, which is underpinned by its highly respected contract and claims support. This means that TLO can provide tailored insurance solutions to firms of all sizes.
"From the moment of our first meeting with the team at BDO we knew that we had made the right decision to appoint them to act for us in the sale of our business. Highly professional, incredibly thorough, and yet wonderfully easy to get on with, they guided us seamlessly through the whole transaction and helped us to achieve an excellent outcome. Their experience in weighing up the various different offers was invaluable, as was their seemingly unflappable approach to all matters as the transaction headed towards completion. We feel incredibly fortunate that BDO were recommended to us in the first place and would, in turn, have no hesitation in recommending them to anyone who was considering the sale of their business."
Vernon Taylor, Director and Founder, TLO Risk Services
"We were delighted to assist the directors and shareholders of TLO Risk Services on this transaction and wish them every success for the future. Their expertise in the legal sector is unparalleled in the UK market and they will undoubtedly become an integral part of SRG's professional lines offering. This transaction further underlines BDO's transactional experience across the insurance sector and our ability to deliver strategic buyers for specialist brokers"
Adam Whistance, Head of Insurance M&A, BDO