EC3 brokers are specialists in the insurance industry, with a focus on the UK, US and the Middle East.
With EC3 Brokers, we backed an extraordinary entrepreneur and an experienced team to capitalise on existing relationships in a niche, but very attractive sector.
EC3 won clients immediately after gaining FCA approval, and was profitable in its first year. Within 18 months, the initial capital had been repaid, and in 2017 a £20 million management buy-out took place.
We used Praetura’s network to give the founding team the support they needed in EC3’s early days. We were there to help them scale as a fast growing financial services company, and continue to advise and guide the team today.
“Praetura have been an incredible backer for the business. They supported me at the start and added value from inception through to the MBO. They’ve got stuck in and provided an invaluable sounding board as we’ve overcome the challenges of a fast growth company.
Mike Fletcher, in particular, has been instrumental in helping to guide me and the business as we’ve grown.”
Danny Driscoll, CEO