We are delighted to have advised Sequel Business Solutions Limited (Sequel) on their sale to HgCapital.
Established in 1993, Sequel has grown from a trusted consultancy services business to a leading insurance and reinsurance software specialist delivering a modern and powerful suite of applications which provide full end-to-end management of all insurance and reinsurance business.
Based in London and Malaga, Sequel has users globally and its Eclipse suite of products now support some of the largest players in the Lloyd’s of London market. Sequel has invested heavily in innovation and continues to target new areas like risk management and health insurance.
Attracted by a proven and scalable product portfolio of mission-critical applications, an unrivalled reputation for service delivery and significant opportunity for continued growth, the shareholders had received a number of approaches from private equity and trade investors in recent years.
We engaged with the shareholders early on to assess their strategic options and explore opportunities which met the key objectives of all stakeholders.
Following a detailed assessment of their options, we advised the shareholders on progressing the opportunity with HgCapital who showed a strong appetite to structure a deal that, while meeting stakeholders’ objectives, provided a strong platform for growth, creating potential for significant future upside.
The process was carefully managed to maintain confidentiality, critical given other events in the market, and therefore requiring delivery within a tight timescale.
We led the negotiations for the transaction and completed in a relatively short-time period of eight weeks from signing of heads of terms.
