Thursfields Solicitors has advised on the management buyout of a London-based company, Risk Solved Ltd.
Risk Solved Ltd provides a market leading, global digital risk platform for the insurance industry, delivering efficiencies for their risk consultancy practices, new insights for underwriting and improved customer engagement.
Launched in 2016, the company has secured an undisclosed six figure investment from the senior management team and external private equity investors, to purchase the entire share capital and scale up the business.
The Thursfields team was led by director Gareth Burge and associate solicitor Joe Rollins.
Debbie Baker, global sales and marketing director of Risk Solved, said: “Gareth, and Thursfields, were recommended to us by a senior ex-colleague from Misys.
“They were introduced to us as professionals who are on top of their game, and who will make things happen. This statement absolutely came true when various conversations were flowing during the negotiations about independent witnesses, digital signatures and other matters.
“Gareth had up-to-date best practice advice which was shared with the other party’s solicitor to maintain the momentum of the transaction.”
Gareth Burge said: “While it is fair to say we are in unprecedented times, it was very helpful that the principals of the business are at the forefront of IT.
“The Risk Solved team are very experienced in remote working, holding virtual negotiations and delivering projects across the globe. Their experience, coupled with their pragmatism, contributed significantly to the success of this transaction.”