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Travers Smith advises Livingbridge on its acquisition of the Chill Insurance Group

Overview

Travers Smith has advised long-standing client Livingbridge on its acquisition of the Chill Insurance Group (Chill Insurance), one of Ireland’s leading insurance and financial services groups.

Livingbridge invested in Chill Insurance alongside management and will support the continued growth of its insurance and financial services business.

Headquartered in Dublin where it employs almost 250 staff, Chill Insurance was founded in 2006 by brothers Padraig and Seamus Lynch and has subsequently grown into the largest independent personal lines insurance broker in Ireland with over 200,000 policyholders, representing a 6% market share.

Chill Insurance has successfully disrupted the Irish personal lines insurance market through its strong brand and multi-channel distribution capabilities, offering high-quality service, whole of market choice through a panel of 14 major insurance

carriers at competitive prices direct to its customers. Chill Insurance’s success is underpinned by its best-in-class IT infrastructure; it has invested over £10m in the last four years to support its growth plans and stay ahead of the competition. 

The Travers Smith team was led by Private Equity & Financial Sponsors Partner James Renahan and Senior Associate Jessica Kolhorn, who were supported by Associates Thomas Halsey and Caleb Jones. Specialist advice was provided by Tax Partner Hannah Manning, Tax Associate Georgina Jones, Finance Partner Barry Newman, Finance Associate Andrew Surgey, and Incentives & Remuneration Senior Associate Kevin Donegan.

A&L Goodbody provided local law advice on the transaction.