Convex advises on Kindertons sale to Sovereign Capital.
Convex advised Kindertons, a leading specialist provider of automotive accident management services for motor insurers and insurance brokers, together with claims management services, on a sale to UK private equity firm Sovereign Capital.
Kindertons – https://www.kindertons.co.uk
Sovereign Capital – https://www.sovereigncapital.co.uk
Sovereign Capital Partners is a leading UK mid-market private equity firm specialising in buy & build strategies.
Kindertons is a nationwide specialist provider of outsourced accident management services for motor insurers and insurance brokers together with claims management services for drivers who have been involved in a road traffic accident. Sovereign will work with the management team to grow the business both organically and through carefully selected acquisitions to meet the increasing demand for its offering.
Kindertons services include receiving ‘first notification of loss’ calls on behalf of its work partners and the provision of replacement vehicles and full claims management services thereafter to drivers involved in road traffic accidents. Employing 450 people, Kindertons is headquartered in Crewe and operates 11 depots around the UK, with a total diverse fleet mix in excess of 2,000 vehicles. Kindertons’ nationwide coverage enables it to respond immediately when an accident is reported.
Since it was founded 20 years ago, the business has developed a strong reputation for excellent customer service, which has helped it deliver year-on-year growth and win a host of industry awards. The management team is led by its founder, Shaun Ellison, who will continue in his role as Managing Director. Sovereign is augmenting the management team with the appointment of non-executive Chairman Jon Walden who has considerable motor-industry expertise, having previously been CEO of Lex Vehicle Leasing and a main board director of the RAC.
“Convex played a pivotal role in securing a great deal for the business.”
Shaun Ellison, Founder
