Grant Thornton advises Movo Group and Durell Software

Movo is a unique insurance broking business in the UK market that successfully integrates a broking portfolio (Movo Insurance Brokers), an AR network (Movo Partnership), and an innovative insurance broking technology platform (Durell Software). Founded in 2010, Movo has delivered substantial growth in recent years, being recognised by the FT as the 38th fastest growing business in Europe in 2024. 

The Group’s integrated model positions Movo for significant scalability and growth potential, while actively supporting the next generation of brokerages to benefit from independent operations. 

AUB Group is listed on the Australian Stock Exchange (ASX) and this transaction represents their third major direct acquisition in the UK and is a continuation of its strategy to build its presence in the UK retail broking market. AUB also operates a large number of leading retail broking businesses, AR networks, and insurance technology platforms across Australia and New Zealand.

Given the nature of the Group, we focussed on a select number of trade and private equity parties who we felt were best placed to build upon the success and rapid growth of the Movo model, offer a strong cultural and strategic fit for all three businesses and ultimately deliver a strategic premium

Using our in-depth sector experience and knowledge, we selected the most appropriate potential buyers and ran a tight and highly competitive process before selecting AUB as the preferred bidder. We led and managed the due diligence process through to completion alongside leading negotiations and process management throughout the deal process