M&A Deal Summary

LDC Acquires Lucida Group

On January 1, 2021, private equity firm LDC acquired insurance company Lucida Group

Acquisition Highlights
  • This is LDC’s 5th transaction in the Insurance sector.
  • This is LDC’s 244th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-01-01
Target Lucida Group
Sector Insurance
Buyer(s) LDC
Deal Type Consolidation

Target

Lucida Group

Essex, United Kingdom
Lucida Group is an insurance broking group of businesses including Right Choice Insurance Brokers, Bennetts and Moorhouse. Lucida Group was founded in 2021 and is based in Essex, United Kingdom.

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Buyer(S) 1

Buyer

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 253 of 311
Sector: Insurance M&A 5 of 5
Type: Consolidation M&A Deals 4 of 4
Country: United Kingdom M&A 244 of 299
Year: 2021 M&A 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Tes Global’s Supply Agencies

London, United Kingdom

Tes Global’s Supply Agencies are a group of businesses that recruit and supply teachers and support staff for primary, secondary, and special educational needs and disability (SEND) schools and other learning institutions. Tes Global’s Supply Agencies was founded in 2008 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Omniplex Learning

St Albans, United Kingdom

Omniplex Learning is an eLearning solutions provider. Omniplex Learning was founded in 1991 and is based in St Albans, United Kingdom.

Buy -