Stevens & Bolton has advised the shareholders of Dashwood Holdings Limited ("Dashwood") on the successful sale of the company to Seventeen Group Limited ("Seventeen Group"), a leading independent insurance and risk management group.
The transaction includes subsidiary Dashwood Brewer & Phipps Ltd, a long-established independent Lloyd’s broker which places UK and international insurance and reinsurance business in the London and international markets. Having celebrated its centenary in 2019, the business has a longstanding presence in the Lloyd’s and London insurance market and provides tailored insurance solutions to its clients across a range of specialist areas.
The transaction represents an important milestone for Dashwood and its shareholders, providing the business with the opportunity to continue its development as part of a larger and ambitious insurance group. Seventeen Group is an established independent insurance and risk management organisation, providing services across broking, underwriting, risk and claims management.
Stevens & Bolton advised the shareholders on all legal aspects of the transaction, bringing together specialists from across the firm and working closely with the shareholders and their wider advisory team to help deliver a smooth and successful completion.
Reflecting on the deal, Heidi Sawtell, Corporate and regulatory partner and head of the Insurance Practice at Stevens & Bolton, commented: "We are delighted to have advised the shareholders of Dashwood Holdings on its sale to Seventeen Group. It was a pleasure to work closely with the shareholders and their wider advisory team throughout the transaction drawing on our deep insurance sector knowledge and corporate insurance expertise. We wish everyone involved every success for the next chapter of the business."
Nicholas Belcourt, Chairman and shareholder of Dashwood, commented: "We would like to thank Heidi and the wider Stevens & Bolton team for their support throughout the transaction. Their pragmatic advice, responsiveness and collaborative approach were invaluable in guiding us through the process and helping us achieve a successful completion."
Hines Associates Ltd provided corporate finance advice to the shareholders of Dashwood, Archie Hines, Director commented: “We are delighted to have supported the shareholders of Dashwood on this significant transaction. It has been a pleasure working alongside Nicholas, the wider shareholder group and the Stevens & Bolton team to deliver a successful outcome. We would like to thank Heidi and her team for their excellent legal advice, strong commercial judgement and commitment throughout the process. Their expertise and collaborative approach were instrumental in bringing the transaction to a successful conclusion.”
The Stevens & Bolton team was led by Corporate and regulatory partner, Heidi Sawtell, with support from associates Adam Chalker and Katie Higgs. Corporate tax and incentives advice was led by partner Kate Schmit, supported by managing associate Sarah Balchin, associate Rebecca Sutcliffe and paralegal Katie Gordon. The core transaction team also worked closely with specialists across the firm, providing coordinated, commercially focused advice across all aspects of the transaction.
