London investment firm acquires insurance company in first of "healthy pipeline" of acquisitions
A London investment holdings company has announced its acquisition of an insurance firm for an undisclosed amount.
Randall & Quilter II Holdings (R&Q), which is a subsidiary of Randall & Quilter Investment Holdings, has signed an agreement to acquire Inceptum Insurance Company.
Inceptum, which is part of the Vibe group of companies and was originally owned by HSBC, is also based in London.
R&Q has said that it will be announcing more acquisitions over the coming weeks, and that it has a “healthy pipeline” of opportunities.
Paul Corver, group head of M&A at R&Q, said: “We are delighted to have agreed terms to acquire Inceptum.
“R&Q takes pride in providing finality for owners and we are pleased to see clear evidence of increased demand for legacy solutions throughout 2020.
“While logistically it has taken longer to complete deals due to Covid-19, we are pleased to report that we have a healthy pipeline of opportunities and a number of further transactions which are nearing completion.
“We therefore look forward to announcing further legacy transactions over the course of the next few weeks.”
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