Leading the way in insurance on secondaries transactions
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Since 2019, Howden M&A has been at the forefront of the rapid increase in the use of W&I and specific risk insurance on Secondaries transactions in Europe and RoW (outside the US).
Our market leading Secondaries team has advised on complex transaction structures to enable GPs, LPs and Lead Investors to achieve the same benefits of traditional W&I policies, but with minimal or light touch due diligence requirements, broader warranty protection and cleaner policy outcomes. We can advise on a range of transaction structures including:
- GP-led Restructurings
- LP interest transfers
- Portfolio sales
- Fund of fund transfers
- Minority GP investments
- Fund wrap-ups
Our team also achieves broad cover for previously uninsurable Excluded Obligation Indemnities under the same insurance policy, including on a synthetic basis.
A snapshot of our practice
> 52
€30bn+
>100
Reach out to the experts
Do not hesitate to contact our team with your enquiries.

Michael Watters

Michael Watters
Director
Mike is a Director in the Warranty & Indemnity team. Prior to joining Howden M&A, Mike worked at Mott MacDonald as a Structural Engineer. Mike now advises on the placement of W&I for UK and European transactions involving operational and real estate targets. Mike is also co-head of our specialist secondaries practice.
Email: [email protected]

Nikhil Singal

Nikhil Singal
Executive Director
Nikhil is a Director at Howden M&A and leads the placement of W&I and specific risk insurance policies on UK and multi-jurisdictional M&A transactions. Nikhil also co-leads the specialist secondaries practice at Howden M&A, having been at the forefront of insurance innovation in this part of the market over the last four years. He previously worked in the London and Delhi offices of a large Indian law firm. He also actively supports Howden M&A's initiatives in development of new business in emerging markets, including India. Nikhil is dual qualified in UK and India, and holds a Masters in Corporate Law (MCL) from University of Cambridge.
Email: [email protected]

Harry Leitch

Harry Leitch
Director | W&I
Harry joined Howden from another M&A insurance broker, where he spent four years leading the team’s origination efforts in the secondaries market. He has worked on a variety of transactions, including GP-stakes and GP and LP-led secondaries across Europe, Asia and North America. As well as Secondaries, he is responsible for origination among Corporate and Financial Sponsor clients, working with them on all aspects of insurance
Email Harry: