Press releases

Deloitte Ireland’s M&A Team acts as lead advisor to Sovereign Capital on MBO of insurance broker Arachas

Deloitte Ireland’s M&A Team is pleased to announce it has acted as lead advisor to Sovereign Capital in their support of a management buy-out of Arachas Corporate Brokers (“Arachas”), a leading insurance brokerage operating in Ireland. The transaction is subject to approval from the Central Bank of Ireland. 

Established in 2004, Arachas is a specialist corporate, SME & affinity scheme brokerage delivering exclusive insurance facilities and financial planning services to the Irish business community. The business, which employs over 130 people in its offices in Dublin, Cork and Waterford, will continue to be led by CEO Donal Cronin and supported by his management team. 

Sovereign Capital is a UK private equity Buy & Build specialist, and its investment will support the management team to further grow and develop the business through a strategy of Buy & Build. Deloitte provided lead M&A advisory services, debt advisory services, tax and financial due diligence and regulatory due diligence to Sovereign Capital on this transaction through a combination of our Dublin and London teams. 

Anya Cummins, Partner, commented, “We were delighted to work with Sovereign and their other advisors on this transaction. This represents a great example of an investment by an international private equity fund in a growing domestic Irish business, and we were pleased to be able to support Sovereign with a cross-border, multi-specialist team. We wish Sovereign and the management team the very best of luck in the exciting next phase of this story”. 

The M&A team are part of the Deloitte Ireland Corporate Finance team which comprises 11 partners and 165 staff covering Mergers & Acquisitions, Debt and Capital Advisory, Restructuring Services and Forensics. The M&A team works closely with our international offices, ensuring we can provide specialist sector input and international reach to our clients, on both the buy-side and sell-side. 

Ends

For further information, including interview requests, please contact:

Ruairi Keogh 

rukeogh@deloitte.ie 

0871822493

 

Aoibheann O’Sullivan

Murray 

01 498 0300

aosullivan@murrayconsultants.ie

 

Deloitte’s Arachas corporate finance advisory client  team was headed by Anya Cummins and  John Gregson provided Debt Advisory.

About Deloitte

At Deloitte, we make an impact that matters for our clients, our people, our profession, and in the wider society by delivering the solutions and insights they need to address their most complex business challenges. 

As one of the largest global professional services and consulting networks, with 244,400 professionals working in more than 150 countries, we bring world-class capabilities and high-quality services to our clients. 

In Ireland, Deloitte has over 2,700 professionals providing audit, tax, consulting, and corporate finance services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience, and insight to collaborate with clients so they can move forward with confidence.

A Member of Deloitte Touche Tohmatsu Limited

Get in Touch

Ruairí Keogh
Senior Corporate Communications Manager, Deloitte

+353 1 417 3691
rukeogh@deloitte.ie

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