Solera snaps up vehicle validation services company
US-based Solera Holdings has completed a £78.3m deal to acquire HPI Limited, a UK provideer of vehicle validation services and the HPI check.
The deal, completed on December 19 last year, was the result of a competitive auction process generating interest among a number of bidders, including large corporates.
HPI was previously owned by RAC, a member of the Aviva Group.
The deal consideration consisted of both cash and subordinated notes, as well as a provisional additional sum based on future financial performance.
Margaret Cole were the solicitors involved in helping complete the acquisition.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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