Voucher business
Background
A large voucher business was looking to consolidate it's EU platform with smaller acquisitions.
Issue
This PE backed buyer wanted to use W&I insurance because it was concerned about the financial covenant and ability to recover from the individual sellers.
Solution
Icen Risk's underwriting team (consisting entirely of in-house expertise), worked with the buyer and it's legal adviser, to put a buy-side W&I policy in place at the time of signing.