7 years ago

ProAktive Risk Group Secures £2M for Management Buyout

  • ProAktive Risk Group, a Doncaster, UK-based commercial insurance broker, raised £2.0 million in a management buyout

  • The MBO, which gives control of the business to a long-serving management team led by Andy Morley and Ian Laycock, was backed by debt funding from Mercia Fund Managers

  • ProAktive Risk Group provides insurance brokerage and risk management consultancy services to businesses, aiming to reduce claims and premiums

  • The deal allows founder Jon Whiteley to step down from day-to-day management, but he will continue to play a role in the business and retain a significant shareholding

  • The buyout was partially funded by deferred consideration from Mr

  • Whiteley

  • The business employs over 50 staff.

      • ProblemFinancial Services

      "ProAktive Risk Group aims to reduce claims and premiums for businesses by providing insurance brokerage and risk management consultancy services."

      Solution

      "The company offers services such as HR, health and safety, business continuity planning, and fleet risk management to help businesses manage their risks and reduce costs."

      Covered on