Liberty are pleased to announce the merger of Bowmark Capital backed Aston Scott’s merger with Lark Group.
Bowmark Capital, the mid-market firm, has backed the merger of Aston Scott with Lark Group to create an insurance business with £250m (€285.2m) of gross written premiums.
Bowmark originally backed the management buy-out of Aston Scott in May 2015, supporting the company in pursuing a buy-and-build strategy to take advantage of the highly-fragmented UK insurance broking market, which comprises more than 3,000 active regional brokers.
The merged group will be one of the UK’s top 20 independent commercial insurance brokers and employee benefits practices.
Liberty provided management advice to Peter Blanc, CEO of Aston Scott and the Aston Scott management team.