Liberty is pleased to announce it has advised the management team of Arachas Corporate Brokers, a commercial insurance brokerage in Ireland, on its sale by Sovereign Capital Partners to certain funds controlled and managed by Madison Dearborn Partners (MDP) and HPS Investment Partners (HPS).
Since Sovereign’s original investment in 2017, Arachas has made four acquisitions: Capital Cover Group, Kidd Insurances, Covercentre and most recently Murray & Spelman. The acquisitions brought substantial additional scale to the Group, further developing its service offering and distribution channels, expanding its geographical footprint and consolidating its position as the leading SME focused commercial lines insurance broker in Ireland. Today Arachas employs over 240 staff across its offices in Dublin, Cork, Kildare and Waterford.
Liberty were appointed to advise the management team, led by CEO Conor Brennan, on their incentive plans in the group following the acquisition by MDP and HPS.