Mazars’ work was critical in helping Mobeus build the investment case for what was our first ever investment in this sector. Simon was able to provide us with specialist insurance insight and provided us with excellent buy-side support.
Freddie Bacon Partner, Mobeus Private Equity House
Advising on the acquisition of Travel & General Insurance Services (T&G)
We have advised private equity house Mobeus on its acquisition of Travel & General Insurance Services (T&G)
T&G is a specialist providing financial protection insurance (surety bonds) to the travel industry, and operates as a Managing General Agent vested with underwriting authority by Hiscox, which acts as the primary insurer. This was Mobeus’ first investment in the insurance sector.
This is an excellent opportunity for Mobeus and the strong management team that they have backed. Together they have the expertise and wherewithal to extend T&G’s coverage in the travel insurance sector at the same time as using this capability to expand into other niches within the surety market.
It is also another example of Private Equity taking a strong interest in what is a very buoyant industry.