Jeremy Parkin, Partner in the Corporate Team at The Wilkes Partnership, has advised the owners of long-term client Nationwide Property Assistance Ltd (NPA24:7) on its sale to Davies, a leading professional services and technology business with a global footprint.
The deal will see NPA24:7 become part of Davies’ existing Claims Solutions business in the UK. Managing Director Nick Haycock will continue to lead NPA24:7 as part of the Davies structure, and all 190 NPA24:7 employees will also continue in their roles.
Nick’s journey with NPA24:7 began as a buyout from Homeserve some seven years ago when Jeremy Parkin provided legal advice and Paul Heaven, Director at Jerroms Corporate Finance, provided the financial expertise. Since then, Jeremy and Paul have continued as NPA24:7’s advisers, helping to bring about a successful exit. On this occasion Jeremy was assisted by Owen Shave, also of the Corporate Team at The Wilkes Partnership, and Leighann Richards of the Real Estate Team.
Nick said “I would like to thank Jeremy Parkin and his team at Wilkes for helping us to facilitate the deal and getting us over the line. They helped us to acquire from a plc in 2014 and have been there for us whenever we have needed advice and guidance over the last few years, culminating in the successful completion of the deal on 2nd March 2021. Thanks to Jeremy and his team for all their efforts!”
Over the years Jeremy and Paul have worked closely on matters for a number of clients. The working relationship and complementary services they have developed provide a framework for clients to successfully develop and ultimately exit their businesses.
Seeing NPA24:7 through its lifecycle is a proud achievement for Jeremy “The Wilkes Corporate Team and I are delighted to have been able to support and advise Nick through this journey. He has been able to secure a strong future for the business the NPA24:7 team has worked hard to grow since taking it over from Homeserve. The Davies team has welcomed team NPA24:7 into the family and are keen to develop the new service for their clients.”
On behalf of Jerroms Corporate Finance, Paul Heaven said “It’s always a thrill to get a deal over the line. Our history with Nick and NPA24:7 makes this one even more special. Here’s to continued success for NPA24:7 as it begins a new chapter as part of Davies”.
If you are considering exiting or acquiring a business, Jeremy and his team are keen to speak to you. A transaction like this can take time and patience so you need trusted advisers by your side who will guide you safely through the deal. Contact Jeremy on 0121 710 5931 or at [email protected]