MarshBerry Advises Hood Group Limited on its Sale to Connection Capital & Management
London, England– MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is pleased to have advised the management of Hood Group Limited (Hood) and its exiting shareholders on its £10.7m MBO with Connection Capital.
Hood Group, a UK-based insurance intermediary distributes policies across Home & Travel via its blue-chip customer base and its own D2C brand, Select & Protect. It has relationships with prominent underwriters including AXA, ERGO and Bspoke and has a 520,000-strong end customer base.
The acquisition marks a significant step for Hood Group as it intends to utilise Connection Capital’s funding to support investment in the Direct and Affinity (B2B) insurance distribution, in overhead to pursue new and existing verticals and to take advantage of the fragmented digital insurance marketplace. Hood Group’s focus on customer-centric insurance solutions and data analytics aligns well with Connection Capital’s commitment to high-impact investments, positioning the newly combined group for enhanced market leadership and growth.
“We’re delighted to have advised Hood Group through this transaction” said John Nisbet, MarshBerry UK Managing Director. “This acquisition will help to accelerate management’s growth plans, creating an exceptional foundation for future success and expansion in the UK insurance market.”
This transaction underscores MarshBerry’s commitment to helping firms achieve strategic growth through a merger & acquisition (M&A) in the insurance sector. MarshBerry’s team brings extensive experience in advisory services, supporting clients through the complexities of valuation, negotiation, and successful execution.
MarshBerry – Helping Clients Learn, Improve & Realize Value
MarshBerry is a global leader in Merger & Acquisition (M&A) advisory services, corporate finance solutions, and strategic consulting for insurance brokerages and firms in the wealth management industry. Our mission is to help firms in insurance distribution amplify value and chart strategic courses towards a future rife with opportunities. With a legacy spanning over 40 years, MarshBerry expanded its footprint to Europe in 2019 and now boasts four locations specializing in Corporate Finance Advisory (M&A Advisory; Capital Raising), and Business Planning (Strategic Planning; Business Valuations; Perpetuation Planning). MarshBerry’s deep industry expertise, innovative solutions, and client-first philosophy support European financial service providers in optimizing their business strategies and achieving long-term success. For more information, visit www.MarshBerry.com/EU.
Hood Group Limited
Hood Group is a UK-based insurance provider that partners with start-ups, consumer brands, and large insurers to deliver innovative insurance solutions. Established in 1983 and with over 40 years’ experience working across the insurance industry, the company aims to help its partners, including well-known household brands and high street retailers, transform their insurance proposition by delivering innovative business models and products that enhance customer engagement and drive growth.
Specialising in Personal Lines general insurance, encompassing Home, Travel and Pet, Hood Group offers a comprehensive service, from product and quote platform design through to sales and retention. This end-to-end service is designed to deliver great customer experiences and outcomes, supporting partners to achieve the goals of their insurance propositions in an increasingly competitive marketplace.
Hood Group continues to receive recognition for its commitment to excellence, with some of our partnerships shortlisted for Moneyfacts Travel Insurer of the Year and a recent win for the Defaqto Travel Insurer of the Year award for 2024. For more information about partnering with Hood Group, please visit www.hoodgroup.co.uk.
