Allens advises on sale of Honan Insurance Group to Marsh

Mergers & Acquisitions Private Equity

Allens has advised TA Associates on the sale of Honan Insurance Group – a leading specialist insurance broker in the areas of corporate risk, employee benefits and strata and real estate insurance – to Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan.

'We are pleased to have worked with TA Associates on this sale to a global strategic buyer which demonstrates that good assets can still be traded, despite continuing caution around the M&A market,' said co-lead Partners Mark Malinas and Kounny Rattley.

'The financial services sector remains relatively insulated from some of the volatility we're seeing in the economy, with this deal being a good example of the healthy appetite for activity that exists in the sector. We wish the Honan management team and Marsh all the best with this acquisition.'

Allens advised on all aspects of the transaction including TA Associates' original acquisition of Honan Insurance Group in 2020, working closely alongside the Honan management team including General Counsel, Belinda Muir.

The firm has worked on a number of strategic private equity deals in 2023 including Pacific Equity Partners' acquisition of a 50% stake in LMS Energy, Bain Capital's proposed acquisition of Estia and KKR's sale of Australian Venue Co. to PAG.

Allens legal team

Private Equity and M&A

Kounny Rattley and Mark Malinas (co-lead Partners), James Nguyen (Managing Associate), Katherine Tsatsaklas (Senior Associate), Terence Zhou (Senior Associate), Gilad Harel (Associate) and Hemani Balasingam (Lawyer).