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Howard Kennedy advises Jelf Group on acquisition and long term growth

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Law firm Howard Kennedy has advised AIM listed insurance broker and financial consultancy Jelf Group Plc on another acquisition. 

The acquisition of Libra Insurance Services’ entire issued share capital for an undisclosed amount was completed on 7 August.  It is the latest in a series of acquisitions by Jelf Group that includes The Insurance Partnership in 2013 and Beaumonts Insurance Group in December 2014.
 
Howard Kennedy has acted for Jelf Group since 2004 when it floated on AIM. The Howard Kennedy team, led by Senior Associate Gillian White and Partner and Head of Corporate Ashley Reeback, work closely with the team at Jelf and have advised them on more than nine substantial acquisitions, several successful placings, three re-financings and other corporate matters including share buy-backs on market.
 
Bristol-based Jelf Group is a highly successful, multi-award winning insurance broker and financial consultancy focusing on insurance, healthcare, employee benefits and financial planning for individuals and businesses. The group has over 69,000 corporate clients and 45,000 individual clients across the UK. Libra Insurance Services, based in Bushey, Hertfordshire, is a 40-year old family owned insurance broker with a strong local client base predominantly in the SME sector.
 
Alex Alway, Group Chief Executive, Jelf Group, says: “I am delighted to welcome the Libra team to Jelf.  The Libra business has a long and successful history in the local community, and community broking is right at the heart of both Libra and Jelf.  This is another important acquisition for Jelf; with our proven integration model, we are confident that it will be profitable for the Group – adding further weight to an ever growing track record for successful acquisitions.”
 
Gillian White (pictured), Howard Kennedy, says: “Jelf Group is one of the insurance sector’s success stories with a clear strategy and a strong management team to drive it forward.  We are delighted to have worked with the Jelf team on another of its sizeable acquisitions.” 
 
Helen Davis, Commercial Director, Jelf Group adds: “Gillian, Ashley and Howard Kennedy are an essential part of the Jelf Group team.  Their entrepreneurial approach very much echoes our own.  We value that they keep in mind our commercial drivers and the potential risks to our business whilst pushing the deal forward to completion.”

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