Equitable Law recently assisted with the sale of insurance business 'It's So Easy Travel Insurance' ("ISETI") to Freedom Insurance Services ("Freedom Insurance").
https://www.itssoeasytravelinsurance.com specialises in providing bespoke cover for those with particular travel insurance needs - such as those with pre-existing medical conditions.
The transaction (for amounts of undisclosed cash consideration) completed immediately after the U.K.'s 2019 'May Day' Bank Holiday (the transaction having been conditional upon the buyer receiving approval for ISETI's change of controller from the U.K.'s Financial Conduct Authority).
The seller, Mr. Kevin Waite commented:-
"I want to thank Mr. Dan Johnson, the Principal of Equitable Law for his clear and pragmatic advice throughout this transaction, which was surprisingly complex - and unfamiliar to me in my business experience.
Dan's constructive input allowed me to undertake much of the necessary work myself - without 'over-lawyering' which made matters efficient and cost-effective.
I am delighted that exchange and completion has been smoothly achieved, and I look forward to my forthcoming retirement - although for the moment, I continue as a director of ISETI - assisting with a smooth change of ownership to Freedom Insurance."
Freedom Insurance were advised by LockDutton Corporate Finance of Guildford - www.ldcf.co.uk
To discuss any transactional/corporate work relating to the insurance sector - within which Dan Johnson (and Equitable Law) have considerable experience, please do not hesitate to contact:-
Dan.Johnson@EquitableLaw.com - Principal & Business Law Solicitor
+44 (0) 7788 537 187 = U.K. Cellular / e-Telephone
www.EquitableLaw.com
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