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.

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