05 05 2016

Global Risk Partners Backs LONMAR’s MBO

Watson Farley & Williams advised Global Risk Partners Limited, the independent insurance intermediary, on its backing of the management buyout (“MBO”) of specialist Lloyd’s broker Lonmar Global Risks.


Following the MBO, Lonmar’s management team headed up by chief executive David Pexton will continue in their current leadership roles. According to GRP executive Chief Executive David Margrett, Lonmar’s strength, reputation and brand in the speciality and agency marketplace has strong synergies with other GRP portfolio companies, most notably Ropner, which it acquired in 2015 and whose core markets are in the maritime, cargo and reinsurance sectors. Following these and a string of other acquisitions since its inception in late 2013, GRP is now one of the largest independent intermediary groups, managing gross written premium of £350m+ and with the stated intention of growing to £500m by the end of 2016. The WFW corporate team advising GRP and working with Andrew Hunter, General Counsel at GRP, was led by London partner Nigel Taylor (Picture), assisted by senior associate Richard O’Brien and associate Richard Pyke. Partner Tom Jarvis and associate Rob Firth advised on the tax aspects of the transaction, and senior associate Rhodri Thomas on employment matters. Involved fees earner: Nigel Taylor - Taylor Associates; Richard O'Brien - Watson Farley & Williams; Richard Pyke - Watson Farley & Williams; Tom Jarvis - Watson Farley & Williams; Rob Firth - Watson Farley & Williams; Rhodri Thomas - Watson Farley & Williams;

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