A Travers Smith team led by senior partner Chris Hale and senior associate Adam Orr has advised management on the acquisition by HgCapital of A-Plan Insurance Group from Equistone Partners Europe.

The transaction sees HgCapital agree to acquire a majority stake in the business.  Completion of the transaction remains subject to FCA approval.

The Travers Smith team also included corporate associates Matthew Kichenside, Victoria Bramall and Adam Martin.  Tax advice was provided by head of tax group Kathleen Russ and tax associate Silvana Corrieri.

Founded in 1963, Oxfordshire based A-Plan provides products from a wide range of insurers, including SME commercial, motor and home, and high net worth insurance.  The Company currently operates 73 branches nationwide, and serves over 580,000 policyholders.

Equistone were represented by Clifford Chance. Linklaters acted for HgCapital. Management were also advised by Liberty Corporate Finance.