Chase Templeton changes hands in private equity sale

Palatine Private Equity has agreed a sale of Chase Templeton, the Blackburn-based provider of private medical insurance, to Nevada Investments, the investment vehicle set up by HPS Investment Partners and Madison Dearborn Partners.

Since then Chase Templeton has enjoyed rapid growth as it pursued a “buy and build” strategy which saw it complete over 75 acquisitions and grow its in force annual premium income from approximately £90m to £150m in just four years.

“Palatine has been incredibly supportive and promoted the extraordinary growth from which we’ve benefited since 2013,” commented Chase Templeton’s chief executive officer, Warren Dickson.

He added that the deal would not impact the business operationally. “For our staff and clients, it will very much be business as usual. This is all about making sure that, with the help of our new backers, we can identify and fully exploit future opportunities for growth, whether through acquisition or organically.” Founded in 2002, Chase Templeton is already one of the UK’s leading PMI specialists. It operates from headquarters in Darwen, Lancashire and offices in Bridgwater, Somerset

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