TLT cross-sector team supports significant deal in UK insurance and finance market

May 25, 2018
By

Bristol-headquartered national law firm TLT has advised ExamWorks UK, a leading provider of medical report and rehabilitation services, on its multi-million pound acquisition of a market leader in accident management.

TLT supported Durham-based ExamWorks UK on every aspect of the acquisition of Kindertons Group, leveraging its extensive corporate and financial services regulatory experience. 

Cheshire-based Kindertons Accident Management is one of the UK’s largest independent specialist credit hire providers, managing the full claims-handling process on behalf of insurers, insurance brokers, motor dealers, garages and body shops.

It also provides replacement vehicles and managing the recovery, repair and storage of damaged vehicles.

The TLT corporate team was led by partner Alice Gardner and included corporate partners John Wood and Stephen Devlin, regulatory partners Russell Kelsall and Jason Cropper, who led the regulatory aspects of the transaction, tax legal director Mark Braude, corporate solicitor Luke Thorngate-Davies and corporate trainee solicitor Oliver Swain.

ExamWorks UK CEO Donald Fowler said: “We are excited at the prospect of Kindertons becoming part of the ExamWorks family. The acquisition will create a group unlike any other in the range and scale of the services that we will provide, with 1,700 employees and annual revenues in excess of £300m.

“There is clear synergy and shared vision between the two businesses and TLT has enabled us to capitalise on this with a successful deal. We are extremely grateful for their in-depth experience and sound advice at every stage of the transaction.”

Alice Gardner, pictured, added: “This is a significant deal in terms of the size and value of the businesses involved, which reflects the quality of the team and service we deliver to our clients and our experience in the financial services and insurance sectors.

“This transaction is a key development for ExamWorks diversifying its service offering to both existing and new clients in the insurance and legal sectors.”

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