Warranty & Indemnity Insurance

A trade buyer was looking to expand its footprint of key automotive brands and approached a family-owned business, to purchase a number of franchised dealerships.

An EU based infrastructure fund was looking to acquire a large North American renewables business, with hyrdo, solar and wind assets, from a US investment fund.

A prominent global financial investor acquiring a premium video game developer with high profile video game IP was looking for a novel W&I insurance product focussed on maximising coverage of the developer’s core and legacy game IP.

An international private equity fund wishing to expand into Africa approached us on its bid for a fully integrated beverages platform. The fund wanted to enhance their bid by incorporating W&I cover rather than demanding indemnification from the sellers.

The seller, a metals manufacturing business in DACH, operated the existing site for over 20 years and prior to its occupation, it had been used for heavy industrial manufacturing, going back to the 1930s. The buyer, an international metals conglomerate, was seeking to acquire the target business to add to their existing production portfolio.

An Italian corporate specialising in pump production and was acquiring a mid-sized competitor. To facilitate the negotiations the buyer wanted a W&I coverage rather that demanding indemnification from the seller.

The ultimate policyholder (a joint venture between a global equity and investment manager and a private investment holding focused on retail and customer-oriented companies) approached Icen regarding its proposed acquisition of a large e-commerce logistics business based in Czech Republic and operating across Central Eastern Europe (CEE). Transaction timings were such that, when coupled with the sellers' unfamiliarity with W&I, it was determined to sign the transaction without insurance and obtain cover thereafter with the benefit of enhanced due diligence and additional time.

The North American trade buyer was one of the target's main customers and consequently benefited from a high degree of familiarity with its business. However, at the time of obtaining quotations for Warranty & Indemnity Insurance, there was limited information regarding the target's intellectual property.

The target was owned by a Spanish family who were looking for a liquidity event, but were keen to remain active within the target post-closing. Sale negotiations were well advanced before the deal reached the W&I market and insurance was ultimately placed after completion.

An international asset management company wishing to acquire a real estate asset in the North of Italy. Both the buyer and the seller are the same asset company acting with different funds. The company needs a W&I to provide suitable indemnification.

A large Canadian video game developer was looking to acquire some IP relating to the early stage development of a video game.

A global media company was looking to acquire an international business owning proprietary technology with regards digital advertising capabilities.

A large voucher business was looking to consolidate it's EU platform with smaller acquisitions.

A well-established, UK based, family business was approached by a trade-buyer wishing to increase its product offering and production facilities.

Owing to his age and a lack of succession options, the founder of a UK equipment distribution business was looking for a clean exit.

London based private equity fund predominantly focusing on the consumer and retail sectors was looking to acquire a minority shareholding from the founders of the UK-based luxury streetwear & sportswear brand, allowing the founders to cash-in on their success short-term, as well as provide a long-term corporate expertise in order to take the company to the next stage of its growth.

The seller, a metals manufacturing business in DACH, operated the existing site for over 20 years and prior to its occupation, it had been used for heavy industrial manufacturing, going back to the 1930s. The buyer, an international metals conglomerate, was seeking to acquire the target business to add to their existing production portfolio.

A UK listed multinational distribution and outsourcing company was looking to acquire a UK distributor of catering equipment.

JV between a Czech and US based private equity funds were acquiring a chain of small (provincial style) grocery and convenience stores across Czech Republic in order to consolidate them into already well-established own network.

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

A newly incorporated SPV owned jointly by two investment management firms was seeking W&I cover for the acquisition of a UK industrial site with a view to repurposing the existing structures into a data centre.

A European investor was looking for W&I cover with regards its 50% acquisition of a UK chain of fast food restaurants looking to expand into Europe.

An international property investment funds wishing to acquire a logistic asset in the North of Italy. Both the buyer and the seller are property investment funds, with similar needs and both want a W&I to cover rather than demanding indemnification from, ultimately, the final investors.