The Corporate team were delighted to have advised on the sale of the entire issued share capital of C.R. Toogood & Co. Limited (“C R Toogood”) to Clear Group (Holdings) Limited (“Clear”).
C R Toogood is a third-generation family business with a proud legacy, currently led by Peter Toogood, alongside a highly experienced senior management team. C R Toogood offers a comprehensive suite of services including commercial insurance, employee benefits, life insurance, and mortgage broking, with gross written premiums of £14.5 million in 2024 and a dedicated team of 19 professionals.
As part of this transaction, FSP also advised Crisp Specialist Risks Ltd and Lanning Toogood Ltd, two closely affiliated businesses to C R Toogood, on the sale of their businesses and assets to Clear.
Commenting on the sale, Peter Toogood said “Joining Clear marks a significant milestone for our business. We’re proud of the legacy we’ve built over three generations, and I’m confident that Clear is the right partner to take us forward. Their commitment to maintaining our local presence and investing in our people ensures our clients will continue to receive the personal, professional service they value.”
Peter Toogood further commented on the FSP team: “The success of this deal was only made possible by the detailed and conscientious approach of Rachael, Edward and the wider FSP team. The advice and guidance provided on specific legal and financial matters enabled a deal to be structured and agreed on the best terms available to the shareholders.”
The FSP team was led by Corporate Partner Rachael Maunder with support from Edward Deutrom (Solicitor, Corporate), Richard Higgs (Partner, Real Estate) and Annabel Robinson (Solicitor, Employment).
