DLA Piper has advised PSC Insurance Group on its AU$43 million initial public offering (IPO) and listing on the ASX today.

The PSC Group is a diversified insurance intermediary business comprising a portfolio of businesses ranging from start-ups to mature businesses across Australia, New Zealand and the United Kingdom. Founded in November 2006, PSC Group initially owned a single general insurance broking business and has since grown substantially, operating 21 separate businesses.

The transaction also involved the roll-up acquisition of minority interests in 21 subsidiaries concurrently with the IPO, in addition to three pre-IPO acquisitions of insurance services businesses.

The DLA Piper team was led by partners Catherine Merity and Samantha O'Brien, supported by senior associates Rosamond Sayer and Matthew Parkinson and solicitors Alexander Samson, Elizabeth Clare and Rube Uthayakumar.

Samantha O'Brien said: "DLA Piper has had a strong relationship with the PSC Group over a number of years and we are delighted to have advised our client on this next phase in their continued growth and diversification in the insurance services industry."

Other advisers included lead manager and underwriter Wilson HTM, and investigating accountants Pitcher Partners.