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Disposal of Ingenie to A-Plan

25 November 2020
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Submission Date: November 25, 2020

Completion Date: November 2, 2020

Target: Ingenie

Acquirer: A-Plan

Deal Value: £5.5m

Deal Description: Spectrum Corporate Finance successfully advised Watchstone Group PLC, a UK-based provider of sector-leading expertise in software, consultancy and technology-enabled outsourcing, on the disposal of telematics-based car insurance brand Ingenie to A-Plan Group for £5.5m.
Spectrum was appointed to complete a full sales process which involved marketing the business to both trade buyers and private equity investors, prior to entering into exclusivity with A-Plan, who were acting through its related companies Endsleigh Insurance Services Limited and Trafalgar Bidco Limited. Ingenie has subsequently formed part of A-Plan Group’s Endsleigh operations.

Corporate Finance Advisers: Spectrum Corporate Finance (Simon Davies and Richard Boyden)

Legal Advisers: Dorseys: Dorsey (Mark Taylor)


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