Hood Group completes buyout of silent shareholders with support from Connection Capital

Hood Group Limited, an insurance solutions provider, is pleased to announce the successful buyout of the Group’s silent shareholders, with support from Connection Capital LLP, a private equity and alternative investment firm.

The company’s senior leadership team – CEO Simon Hood, Commercial Director Bruce Reid, Chief Operating Officer James Wallis, Travel Director Mark Izzard and Non-Executive Chairman Andy Homer – will remain in their roles, as will all Associate Directors.

Hood commented: “This investment marks an important milestone for Hood Group. With the support of Connection Capital and the great team they have assembled, we are confident in our ability to accelerate our growth plans and continue to provide market-leading insurance solutions to our partners and customers.”

The financing secured for this transaction provides significant capital to expand the direct and B2B insurance distribution business, pursue opportunities in new and existing markets and increase resources across the Group.

This investment supports Hood Group’s mission to deliver outstanding customer experiences, build stronger partnerships with insurers and strengthen brand presence.

Mark Snaith, Investment Director at Connection Capital, added: “We have enjoyed getting to know the Hood Group management team and have been impressed with their experience, expertise and how they have developed the business as the insurance market continues to change. We believe they are well positioned to build on the company’s success and continue to deliver exceptional value to their customers.

“Our investment, our experience with Tempcover and our connections within the insurance industry will provide the support needed to unlock new opportunities and achieve the planned growth.”