Law Firms

DLA Piper advises on Howden’s acquisition of Aston Lark

The DLA Piper team was led by European head of Private Equity, Tim Wright, who was assisted by senior associate Philip Allenby and associate Harriet Brooker 

DLA Piper has advised the management team of insurance broker Aston Lark on its acquisition by Howden, from Goldman Sachs Asset Management and Bowmark Capital.

The move marks Howden’s largest acquisition to date and will reportedly create a UK business managing over £6bn of gross written premium for more than 1.7 million policyholders. The deal is still subject to regulatory approval, however.

The DLA Piper team was led by European head of Private Equity, Tim Wright, who was assisted by senior associate Philip Allenby and associate Harriet Brooker.

Peter Blanc, Aston Lark CEO, said: “The DLA Piper team’s detailed knowledge of the market, persistence in getting the best terms for the team and their commitment to the deal were hugely helpful.”

DLA Piper’s Management Advisory team has now acted for over 65 management teams in the last five years with a combined enterprise value of over 71.5bn (£60bn).

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