Global law firm Ashurst is advising Stifel Nicolaus Europe Limited on the £24.1 million recommended cash offer for Jigsaw Insurance Services plc by PIB Group Limited.
Jigsaw is a public limited company incorporated in England and Wales whose shares were withdrawn from trading on the ISDX Growth Market on 13 February 2015 (at which time Jigsaw was trading under its previous name of NCI Vehicle Rescue Plc). In the years since the withdrawal of Jigsaw shares from trading, Jigsaw has performed strongly, increasing both turnover and profit while continuing to build and develop its strong propositions across the motor, breakdown and pet segments of the UK personal lines insurance market.
PIB's group is a highly diversified insurance distribution consolidator focusing on specialist commercial lines and non-standard personal line products with deep expertise across both direct and B2B distribution through its broking, underwriting and network divisions.
The Ashurst team is being led by corporate partners Harry Thimont and Nicholas Holmes, supported by associates Ria Shah and Gareth Mair.
Stifel is acting as financial adviser to PIB.
