The buyer wished to acquire a target offering HR and payroll services to corporate clients in Italy.

The sellers wanted a short deal timetable to minimise disruption to their business and at the signing date not all the DD reports were finalised.

Icen Risk was able to assist, helping the broker engage with the client, to put a buy-side W&I policy in place at the time of signing. In particular, Icen Risk offered the possibility to cover certain warranties during interim period through an endorsement and subject to receiving DD report updated covering the specific area the client wanted to cover.