Mishcon de Reya advises Purchaser on the Buy-out of Devitt Insurance Services Limited

Mishcon de Reya advised management-backed CKH Limited on its acquisition of Devitt Insurance Services Limited from RBS Insurance Group Limited. The acquisition, currently subject to FSA approval, sees the existing senior management team take control of two principal office locations with a staff of 159 people across the two sites. Devitt is an insurance broker business which predominantly focuses on personal lines products which are distributed under its own brand and that of its affinity partners.

The Mishcon de Reya team was led by corporate partner, Kevin McCarthy, and included corporate assistants Neville Moore and Niki Stephens, employment partner Greg Campbell, commercial assistant Mary Guinness, regulatory assistant Matthew Hancock and tax consultant, Vishvas Kanji.

Kevin McCarthy commented: "Our Private Equity Group have a strong track record in the financial services sector and we are pleased to have been able to work with the acquiring team to help reach exchange on this deal."

Devitt's Managing Director, William Hughes, said: "I'd like to thank the Mishcon de Reya team for helping us through the process of the acquisition, representing us professionally throughout and giving us excellent advice and guidance".

RBS Insurance Group Limited were advised by Dundas & Wilson (Stuart MacLean, Douglas Land and Zoe Hamilton).