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Greene & Greene advises Nexus on acquisition of Vectura ...

Leading Suffolk law firm Greene & Greene has advised Nexus Underwriting Management Limited on its acquisition of Vectura Underwriting, a specialist Marine insurer and reinsurer of niche marine business from Aquila Underwriting LLP.

The Greene & Greene team was headed by mergers and acquisition specialists, Simon Ratcliffe and Andrew Cooper, both partners in the Corporate team at the firm’s office in Bury St. Edmunds.

Founded in October 2008, the Nexus Group is one of the largest and most profitable independent specialty Managing General Agents (MGA) in the London market, concentrating on niche classes of business whilst delivering excellent service and cutting edge products. Vectura, founded in 2007, will operate as a Nexus Marine business unit within Nexus Underwriting Limited and will continue to specialise in International Cargo and Freight Liability Insurance, ATA Carnet and Customs Bonds associated with the transport of goods. As part of the transaction, founding partners of Vectura, Stephen Fletcher and Tim Hancox, will continue to lead the business and shall bring with them a wealth of experience in the speciality marine market.

Colin Thompson, Founder & Executive Chairman of Nexus commented:

“I have been impressed by the professionalism and enthusiasm that has been shown by the Vectura management team through this process and look forward to them joining us at Nexus and helping us to grow our business further.  Simon Ratcliffe, Andrew Cooper and their team at Greene & Greene have been a great support to me and my fellow directors through this process and over the last 10 years as advisers to our company, providing invaluable commercially focused advice, for which we are very grateful.”

Simon Ratcliffe of Greene & Greene added:

“We are delighted to have helped Nexus finalise the acquisition of Vectura Underwriting, and to continue our support of Nexus’s growth strategy. Nexus has made a number of strategic acquisitions in recent years, which have successfully integrated into the Group and we look forward to working with them again on future matters.”

Greene & Greene’s involvement in the acquisition of Vectura Underwriting follows on from its lead role in advising Nexus on its purchase of various businesses since 2011.

If you have any questions with regards to the acquisition, disposal or reorganisation of a private company, or any other Corporate law matters, please contact: Simon Ratcliffe (simonratcliffe@greene-greene.com ~ 01284 717426) or Andrew Cooper (andrewcooper@greene-greene.com ~ 01284 717511).

For more information on the services offered by Greene & Greene Solicitors please visit www.greene-greene.com and follow on Twitter @GreeneGreeneLaw.

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