Avantia Limited has been acquired by an MBO & ECI Partners
The private shareholders of Avantia Limited (Avantia) have sold the company to the management team. The US$95 million MBO was backed by ECI Partners, a private equity group.
Avantia Limited is a leading online residential insurance broker for high risk properties. Avantia has invested heavily in R&D, building up valuable IP and capitalizing on its rich and nuanced domain knowledge. It operates under the online consumer home insurance brand HomeProtect.
Oaklins Cavendish, based in the UK, acted as the exclusive financial advisor to the seller in this transaction.
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