Jamieson is pleased to announce that it has advised the management team of Charles Taylor on the take-private by US private equity firm Lovell Minnick Partners LLC.
Charles Taylor is a leading international provider of professional services and technology to clients in the global insurance market. Charles Taylor has over 3,000 staff in 120 locations spread across 30 countries in the UK, the Americas, Asia Pacific, Europe, the Middle East and Africa.The acquisition will support the continuation of Charles Taylor’s successful growth strategy, with a focus on expanding client relationships, broadening specialist capabilities and the range of services and technology solutions, deepening geographic coverage, and reinvesting in quality of service and technology.
The transaction, which valued the share capital of Charles Taylor at approximately £285m, was effected pursuant to a scheme of arrangement. Charles Taylor shares were de-listed on 22 January 2020.
John Greenland, Stephen Maxwell and Tom Darley advised the management team on their reinvestment in the new structure and the terms of the new management equity incentive.