Ashfords advises on sale of University spin out success story Fathom to Swiss Re

UK law firm Ashfords has advised Fathom, a leading provider of climate and water risk intelligence, on its sale to Swiss Re.

Fathom is a successful high growth University of Bristol spin out established in 2013 to transform the management and mitigation of global water risk through flood modelling. The company works with businesses and government agencies, and across industries including humanitarian aid, insurance, international development, engineering, conservation and financial markets to provide market-leading flood models.

Chris Dyson, Head of Ashfords’ Technology sector team said: “Fathom is a great example of how research, data and technology can be used to tackle key environmental issues. We supported Fathom with their fundraising and are proud to have supported management on the company’s growth, leading to this landmark sale to Swiss Re, which will enable the business to accelerate the development and distribution of solutions to improve risk resilience.”

Stuart Whitfield, CEO of Fathom said: “Ashfords has been a trusted and responsive partner throughout the delivery of our deal with Swiss Re. A huge thank you to the team for overseeing the particulars of the acquisition, from the retention of our brand, to the continuation of our well-established research activities. By aligning with Swiss Re Reinsurance Solutions, we’re excited to bring our insights to more customers and help deliver greater global flood and climate resilience.”

Ashfords has extensive experience working with innovative technology clients and high growth businesses. The sector team provides its clients with expertise across all key areas including investments, acquisitions, regulation, data, tax, immigration and employment, commercial contracts and protecting IP.