Michelmores has advised Partners& on a partnership with Tresmares Capital, a private equity and venture capital firm, and Santander UK plc. Tresmares and Santander have each provided a multi-million pound senior term loan to Partners& to refinance its existing debt facilities. In addition, Tresmares has provided a committed facility to support future acquisitions.
Partners& is a leading insurance advisory business focused on providing risk management advisory and insurance broking services to commercial and private clients. Founded in 2020 with a focus on client partnership and providing high quality risk management and employee benefits advice to businesses and private client advice to individuals, Partners& has ascended rapidly to become one of the leading insurance brokers in the UK.
This agreement is considered a significant step in Partners&’s growth strategy, expanding their ability to provide strategic services and further solidifying their position in the market. It will provide Partners& with enhanced resources to better serve their clients across various industries, offering comprehensive risk management solutions with greater expertise and support. With Tresmares’ capital and Santander’s backing, Partners& is well-positioned for future expansion and innovation.
The Michelmores team advising Partners& on the transaction was led by Managing Associate Danielle Collett-Bruce, alongside Associates Charlie Parker and Sophie McAuley, all from the Firm’s Banking team, with Associate Harry Jones from the Firm’s Corporate team.
Danielle Collett-Bruce comments on the deal:
“We are delighted to have worked closely with Partners& on this strategic move. The deal represents a pivotal moment in their growth trajectory, and we look forward to seeing the firm continue to thrive as it expands its service offering and market reach.”
Phil Barton, CEO of Partners&, adds:
“We’d like to thank Danielle and the entire team at Michelmores for once again leading us seamlessly through another transaction to a successful close. We are delighted to be partnering with Tresmares as we move into our next phase of growth – a strategy that is focused on seeking the right opportunities to enhance the expertise we offer our clients and to extend our geographical footprint.”
Michelmores offers sophisticated advice across a range of banking matters, including asset-based lending, acquisitions and international investment funds. The Firm’s Banking & Finance team advises clients across the sector, from the UK’s largest banking corporations and finance houses, to borrowers in substantial lending transactions.
