Hermes Private Equity has backed the £62 million Management Buy–Out of Ashworth Mairs Group (AMG), a leading loss adjuster and outsourced service provider to the UK insurance sector. The Royal Bank of Scotland, Corporate & Structured Finance team in Manchester has provided debt funding.
Clearwater International are delighted to have led, structured and arranged the deal for the Ashworth Mairs Group and is a further example of Clearwater’s deal making capabilities in the private equity arena.
Established in 1992, North West-based AMG has shown sustained growth based on its consistent high quality service delivery and strong customer relationships. The company is one of the largest UK loss adjusting businesses, providing a diverse range of supply chain solutions and operates from ten locations with over 250 employees.