National law firm Weightmans LLP has advised on the successful sale of data company Insurance Initiatives Limited.

The multi-million pound deal was reached with buyers Lexisnexis Risk Solutions UK Limited, part of the international RELX Group.

Insurance Initiatives provides data enrichment and analytics services to the general insurance industry in the UK.

Weightmans advised the company and the selling shareholders and provided advice from across the firm’s specialist areas including tax, employment, competition, and intellectual property and also the private client team.

John Hooper, Executive Chairman at Insurance Initiatives Limited said:

"We are delighted with the outcome of the deal and support from Weightmans throughout the process was invaluable. The team provided clear and focused advice at a time of great change for the business, providing us with a full service across the board."

William Sharpe, Corporate Partner at Weightmans in London advised Insurance Initiatives. He said:

"I am pleased to have secured such a great deal for the business in what was a very intense process. The outcome was a rewarding one for all involved. We wish the companies every success and hope to work with them again in the future."

Deloittes Corporate Finance managed the sales process, and Freshfields Bruckhaus Deringer advised Lexisnexis Risk Solutions.