Jamieson is pleased to announce it has advised Dave Walsh (Founder and Group CEO) and the management team of CFC as part of EQT IX Fund’s (“EQT”) investment alongside Vitruvian Partners and management.
Founded in 1999, CFC was one of the pioneers in the cyber insurance market. Today, it is a technology-driven business that has established itself as a global leader in cyber and provider of cover for a diverse range of emerging risks that sit at the intersection of technology and business. CFC writes 50 products across 20 different classes of specialist insurance focused primarily on SME businesses.
The company has significantly grown its employee count over the past three years and has an established global footprint with more than 500 staff located across the UK, US, Europe and Australia. Earlier in the year CFC also launched its own Lloyd’s Syndicate.
Upon completion, following regulatory approval, CFC will nearly double its employee shareholders from 175 to over 300. Employees will remain the largest shareholder in CFC.
“I’d like to thank David and the Jamieson team who were a pleasure to work with on this deal. With their help, we went into the transaction with a crystal clear view of what we wanted to achieve for the employee shareholders and what was possible. They had a great relationship with management and the other advisors in the process which undoubtably helped deliver such a positive outcome for us within a very tight timetable.”
Dave Walsh, Founder and Group CEO
David Kirkpatrick, John Greenland and Billy Henson advised the CFC management team on their reinvestment into the new structure and the terms of the management incentive plan going forward.