Clydes lands aviation boutique in takeover
London firm continues aviation investment with Beaumont takeover
June 15, 2005 at 08:03 PM
2 minute read
Clyde & Co has dramatically expanded its core insurance practice after securing the takeover of top aviation boutique Beaumont and Son.
The merged firm will retain the Clyde & Co name but a relaunched aviation department will operate under the brand Beaumont and Son – aviation at Clyde & Co.
All 17 Beaumont partners are to join Clydes: 11 as full equity partners, four as fixed equity partners and the remaining two as consultants. The deal is expected to create a £117m insurance and litigation specialist, effectively swelling the top 50 UK firm's revenues by £13m.
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