M&A Deal Summary

Lucida Group Acquires Right Choice Insurance Brokers

On May 1, 2021, Lucida Group acquired insurance company Right Choice Insurance Brokers from LDC

Acquisition Highlights
  • This is Lucida Group’s 1st transaction in the Insurance sector.
  • This is Lucida Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-05-01
Target Right Choice Insurance Brokers
Sector Insurance
Buyer(s) Lucida Group
Sellers(s) LDC
Deal Type Add-on Acquisition

Target

Right Choice Insurance Brokers

Essex, United Kingdom
Right Choice Insurance Brokers is a motor insurance broker, helping to deliver competitive premiums to those customers who typically find it more difficult to buy insurance online. Right Choice Insurance Brokers was founded in 2008 and is based in Essex, United Kingdom.

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Buyer(S) 1

Buyer

Lucida Group

Essex, United Kingdom

Category Company
Founded 2021
Sector Insurance
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B 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 167 of 199
Sector (Insurance) 4 of 4
Type (Add-on Acquisition) 79 of 94
Country (United Kingdom) 161 of 193
Year (2021) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Kee Safety

West Midlands, United Kingdom

Kee Safety is a provider of fall protection solutions and products associated with working at height. The Company’s products have a longstanding reputation for their quality, reliability, and safety and include fall prevention equipment, roof edge protection, barrier and guardrail systems, and safe access solutions. Kee Safety was founded in 1934 and is based in West Midlands, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Headland PR Consultancy

London, United Kingdom

Headland PR Consultancy is an agency specialising in financial and corporate reputation, public affairs and campaigning. Headland PR Consultancy was founded in 2012 and based in London, United Kingdom.

Buy -