General insurance provider Uinsure has raised growth capital from Perwyn.
Uinsure operates within the intermediary marketplace and provides Defaqto 5 Star rated home and landlord insurance policies to over 100,000 policyholders which is distributed through a network of 15,000 mortgage brokers and financial advisers.
Simon Taylor, founder and chief executive officer, said: “We are delighted that Perwyn are supporting our growth strategy and we look forward to continued growth over the coming years.”
Andrew Wynn and Ravi Sharma, partners at Perwyn, added: “The business has seen significant growth through its unique offering and we are excited to back entrepreneurs/owner managers like Simon and we look forward to working with the team at such an exciting time for the business.”
Paul Smith at Duff & Phelps initiated and led the transaction.
Advisers to Perwyn for financial diligence was (CLB Coopers – David Clift) and legals (Squire Patton Boggs – Paul Mann, Maxine Burton and James Washington). Advisers to the company were tax (Pareto Tax) and legals (TLT – Paul Crighton).