The Mishcon Private Equity Team has advised Innovation Broking on the sale of its entire issued share capital to insurance broker Aston Lark.
Established in 2015 by Paul Dickson and Howard Pearson, Innovation Broking is an independent corporate insurance broker and employee benefits adviser with around 30 staff members.
Innovation Broking specialises in larger risks, global programs, and private equity-backed businesses and has particular expertise in the technology, health, film and TV, and charities and care sectors.
Paul Dickson, Chief Executive of Innovation Broking, commented:
“I am delighted that Innovation Broking has agreed to be acquired by Aston Lark, which is now to become part of the Howden Group. This will provide an outstanding platform for the continued growth of our corporate broking business and, in turn, provide great opportunities for our people. I have enormous respect for [Peter Blanc’s] leadership of Aston Lark, which in common with Innovation, places people and their development at the forefront of its business.”
Insurance Business Magazine