Overcast

Overcast

max temp: 9°C

min temp: 4°C

Search

East Anglia: Regional law firm Birketts advises insurance software specialist Sequel on HgCapital deal

PUBLISHED: 17:30 23 July 2014

Nigel Thompson of Birketts

Nigel Thompson of Birketts

Bruce Head.bruce@brucehead.com

East Anglian law firm Birketts LLP has advised the shareholders of a leading supplier of software to the insurance and reinsurance sector on its acquisition by private equity firm HgCapital.

Sequel Business Solutions, formed in 1993, is based in Broadgate Tower, in the heart of the City of London’s financial district, with its Eclipse platform being used by a number of major players in the Lloyd’s of London market and the wider insurance sector to run and optimise their operations.

Mario Garcia, managing director of Sequel, said: “This was a great opportunity for the shareholders of Sequel and for Sequel itself.

“We wanted an experienced and dedicated team of lawyers to help us achieve our goal. The team at Birketts met our requirements in all aspects.

“Led by Nigel Thompson and assisted by Laura Ryan, Birketts advised and guided us through a complex transaction which we wanted to negotiate and sign in a short period of time to avoid disruption to the business.

“We knew that we were getting the best advice and support, and this gave us huge confidence in the whole process. It has been a pleasure working with all at Birketts.”

Nigel Thompson, lead partner at Birketts’ Chelmsford office, said: “This was a complex and high value transaction, with a challenging timetable.

“It required resource from a number of teams across the firm. I’m pleased that we met those challenges, and wish future success for all at Sequel as a part of HgCapital.”

Birketts, which also has offices in Ipswich, Norwich and Cambridge, has a total of 56 partners and more than 450 staff, offering specialist skiils in most areas of the law.

Search hundreds of local jobs at Jobs24

High winds have brought down overhead power cables leaving homes in many Suffolk and Essex communities without electricity.

On November 1, 2017, Brian Barker’s farm at Westhorpe, near Stowmarket, became the Agricultural Horticultural Development Board’s (AHDB) first Strategic Farm for Cereals and Oilseeds in the UK. He charts how his farm was scrutinised to give an overview of how it sizes up at the start of the journey.

The East of England housing market slowed in December with flat sales and prices anticipated in the near term.

Two credit unions operating across East Anglia have teamed up with a digital bank to offer customers more ways to manage their money.

An increase in the number of small construction companies going out of business is “inevitable” in the wake of the collapse of industry giant Carillion, according to insolvency experts in East Anglia.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24