Global advisory Willis Towers Watson has acquired Risk Capital Advisors (RCA), a specialist mergers and acquisitions broker in Australia, New Zealand, and South Africa.
The acquisition is effective immediately, enhancing WTW's offering to clients in the growing M&A market. RCA will become a fully integrated part of WTW 's FINEX global line of business, which provides clients with specialist advice and services.
WTW head of Australasia Simon Weaver said: "RCA is the foremost team in Australasia for Warranty and Indemnity insurance. This offering builds on our current FINEX specialties and supports the growing client needs and market dynamics we are experiencing locally."
He added that this deal presented WTW with a "great opportunity to provide additional benefits to target companies in M&A transactions", with the combination of the two teams benefitting clients by providing a wider and deeper range of expertise and service.
Head of Global FINEX Jeremy Wall said: "The team will be an exciting and important addition to FINEX's M&A footprint and capabilities further enhancing our client offering both locally and globally."
Established in 2011, RCA provides insurance advisory and brokerage services, specializing in Warranty & Indemnity insurance and other specialist M&A products, such as tax (specifically indemnity) and environmental.
Baker McKenzie acted for Willis Towers Watson in the deal, whose terms of transactions were not disclosed.