Goldman Sachs Merchant Banking Division Acquires Aston Lark (Bowmark Reinvests)
May 17, 2019
Goldman Sachs' Merchant Banking Division has agreed to acquire Aston Lark, the UK’s fifth-largest independent chartered insurance broker, from Bowmark Capital, with Bowmark reinvesting alongside Goldman Sachs. Aston Lark operates 27 regional offices, serves over 100,000 customers and places in excess of £350 million of annual premium; the deal is intended to support the company’s next phase of growth both organically and via acquisitions.
- Targets
- Aston Lark
- Sellers
- Bowmark Capital
- Industry
- Insurance
- Location
- United Kingdom
- Transaction Type
- Buyout
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Related Acquisitions
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Howden Acquires Aston Lark
October 13, 2021
Insurance
Howden, the international insurance broking group, has agreed to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subject to regulatory approval. The deal completes Howden's UK broking platform, creating a combined UK business managing over £6bn of gross written premium and significantly expanding Howden's scale and capabilities across commercial, private client and employee benefits lines.
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Aston Lark Acquires Seven Insurance Brokers in UK and Ireland
August 30, 2021
Insurance
Bowmark-backed Aston Lark has completed seven bolt-on acquisitions since May, bringing its total since January to 18. The deals add a mix of personal, commercial and niche specialist brokers across the United Kingdom and Ireland — including McMahon Galvin (Dublin), ES Risks (London) and Linkscover (golf specialist) — expanding Aston Lark’s geographic coverage and specialty capabilities.
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Aston Lark Acquires PHM and Incepta Risk Management
August 10, 2020
Insurance
Bowmark-backed insurance broker Aston Lark has acquired PHM, an employee benefits intermediary, and Incepta Risk Management, a Lloyd's broker. The deals bring approximately £14 million of combined gross written premium and are intended to strengthen Aston Lark's employee benefits capability and its presence in the London market.
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Aston Lark Acquires Protean Risk
November 4, 2019
Insurance
Aston Lark has acquired Protean Risk, a specialist Lloyd's insurance broker focused on financial services, fintech and technology sectors. The deal is an add-on bolt-on to Aston Lark's platform and strengthens its financial institutions capabilities following the company's recent ownership transition involving Bowmark Capital and Goldman Sachs' Merchant Banking division.
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Bowmark-backed Aston Lark Acquires Highworth Insurance and Jobson James
April 12, 2019
Insurance
Bowmark-backed Aston Lark has completed two add-on acquisitions in 2019, acquiring Poole-based household broker Highworth Insurance and Midlands-centred Jobson James insurance broking and employee benefits group. Highworth places over £10 million of gross premium annually while Jobson James brings specialist expertise in rail, real estate and trade credit, helping Aston Lark grow its gross written premium to nearly £350 million.
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Bowmark-backed Aston Lark Acquires Robertson Low
January 22, 2019
Insurance
Aston Lark, backed by private equity firm Bowmark, has acquired Robertson Low, one of Ireland’s largest independent insurance brokers. The deal is Aston Lark’s first overseas purchase and is intended to expand the group’s presence and specialist insurance and employee benefits capabilities in Ireland and the UK.
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