Apiary Capital Invests in Carbon Underwriting

Apiary Capital Invests £10m in Shaw Gibbs

November 3, 2022

Accounting & Tax

Apiary Capital has made a £10m minority growth investment in Oxford-headquartered accountancy and advisory firm Shaw Gibbs, acquiring a significant equity stake to support the firm's expansion. The funding will back Shaw Gibbs' buy-and-build growth strategy, targeted M&A programme and expansion of its accounting, tax and payroll services to existing and new clients.

Apiary Capital Invests in Radiant Financial Group; Radiant Acquires CWB

November 5, 2020

Wealth Management

Apiary Capital has provided growth capital to launch Radiant Financial Group as a buy-and-build wealth management platform. Radiant simultaneously announced the cornerstone acquisition of CWB, a UK-based advisory group of 20 advisers with approximately £800m of assets under management.

Arthur J. Gallagher & Co. Acquires Manchester Underwriting Agencies Limited

October 4, 2021

Insurance

Arthur J. Gallagher & Co., through its specialist underwriting subsidiary Pen Underwriting, acquired 100% of UK-based Manchester Underwriting Agencies Limited (and its subsidiary Manchester Underwriting Management Limited). Terms were not disclosed; founder Charles Manchester will continue to lead the business. The acquisition expands Pens specialist underwriting capabilities and adds a complementary book of professional indemnity and management liability business serving SMEs in the UK.

Shape Underwriting Acquires Protect Underwriting LLP

May 9, 2025

Insurance

London-headquartered managing general agent Shape Underwriting has acquired Protect Underwriting LLP, a specialist MGA focused on private-client high-net-worth business. Financial terms were not disclosed; Shape said the deal broadens its underwriting capabilities and is its first acquisition since rebranding, supporting its ambition to grow in the specialty market.

Corvus Insurance Acquires Tarian Underwriting Limited

January 4, 2022

Insurance

Corvus Insurance has acquired Tarian Underwriting Limited from Beat Capital Partners Ltd, bringing the London-based Lloyd's coverholder and cyber underwriting platform into Corvus' global InsurTech business. The deal gives Corvus immediate access to Lloyd's cyber insurance capacity and expands its international underwriting footprint across the UK, US, Middle East, Canada and Australia.

Macquarie Global Carbon Invests in EP Carbon

October 6, 2022

Environmental Services

Macquarie's Commodities & Global Markets division, through its Global Carbon business, has made a growth investment in EP Carbon, a US-based consultancy that designs and advises on nature-based carbon offset projects. EP Carbon will use the proceeds to develop its technology suite, hire and train technical staff and fund a new service plan, while Macquarie and Global Carbon will help establish a pipeline of high-quality offset projects.