Mazars was delighted to support Clear Group on its recent acquisition of MBC Insurance, marking Clear Group’s first acquisition in the Irish broker market. Mazars provided financial, taxation and regulatory due diligence on the deal.
Clear Group is a UK-based insurance broker established in 2001, currently backed by Goldman Sachs. The MBC acquisition is the first step in Clear Group’s strategy to grow across Ireland, and they now are looking forward to growing their market share, both organically and through further acquisitions.
MBC Insurance is a long-established Cork-based insurance brokerage firm specialising in a variety of commercial insurance, including for plant & access machinery hire, tool & equipment hire, and forklift hire, as well as a wide range of IT-related insurance. The business is led by Managing Director Des Murphy, along with Directors Shane Sullivan and Brían McMahon and Chairman Denis Collins.
Mazars in Ireland look forward to continuing to support Clear Group on its Irish acquisition strategy.
Mazars financial advisory partner Mark Mulcahy provided financial due diligence, supported by Anthony Shiel and Kevin Hogan. Taxation due diligence was provided by tax partner Gerry Vahey, supported by Nicole Hanlon. Partner Kian Caulwell, supported by Cara Hyland, provided regulatory due diligence on the deal.