“This is an exciting deal for our business. Baird Capital’s experience and resources will be invaluable as we seek to further enhance our services and global reach. Baird’s deep understanding of the financial services industry and its global network will be valuable as we look to drive our growth both domestically and abroad. Our improved capabilities will also help us better serve our...David Vafai | Founder and CEO of bfinance
“After running a formal process to find the right partner to help us grow JBW and take it to its next level, OUTSOURCING Inc. were the natural choice. We had many expressions of interest and offers of investment but none were as compelling as OSI. Cavendish were without doubt the best choice of advisors for JBW and me personally. Together with their Japanese partners, they brought huge value to...Jamie Waller | Founder of JBW
“The Cavendish team, led by Joe Stelzer, has provided invaluable advice in preparing our business for a sale process and assessing our options. This deal will give us more firepower and enable us to expand far more quickly. It’s fantastic news for our high net worth investors and broker partners...Duncan Kreeger | One of the Founders of West One
“Cavendish were without doubt the best choice of advisors for JBW and me personally. Together with their Japanese partners, they brought huge value to the...Jamie Waller | Founder of JBW
“The Cavendish Team have been instrumental in delivering me a buyer which is a perfect fit for my business. I appointed Caroline Belcher to perform an Exit Review which led on to the sale mandate, and they have been with me every step of the way. This is a wonderful milestone in our history and I am...Ian Moore | Executive Chairman Moore Group Limited
Cavendish Corporate Finance is pleased to announce that it has advised on the sale of Tempcover Limited (“Tempcover”), the UK’s leading provider of easy-to-understand, direct to consumer, short-term motor insurance products. The sale was concluded to Connection Capital LLP (“Connection”).
Founded in 2006 by Alan Inskip, CEO, Tempcover is an award-winning, information technology specialist providing temporary motor insurance online. Tempcover’s unique multi-carrier insurance offering enables customers to buy temporary motor insurance directly from the Company’s website and select partners. Recently, the Company has successfully launched additional temporary cover products to meet its growing customer base’s requirements.
Alan Inskip, CEO of Tempcover, commented: “This new partnership is a very exciting opportunity for Tempcover to both consolidate its existing position and provide a platform for further growth into new verticals and markets. Many thanks to the Cavendish team who provided invaluable advice throughout the process and helped us achieve this great outcome for the Company”.
Nick Jones, Partner & Head of Technology at Cavendish Corporate Finance, who advised the shareholders of Tempcover on the transaction commented:
“Temporary insurance continues to grow rapidly reflecting the evolution of flexible sharing models and more bespoke customer requirements. Tempcover is well-placed to capitalise on this growth with a highly scalable model which allows it to dominate in its current offering and enter new temporary cover verticals with ease. Connection’s investment will be invaluable as Tempcover strengthens its market position and expands and we are delighted to have assisted Tempcover on achieving such a successful outcome.”