Independent, based in Preston, is a market leading provider of claims validation, management and fulfilment services on behalf of the UK’s leading insurance companies. Customers include Direct Line, Norwich Union, Legal & General and Zurich Financial Services.
Deal Information
In June 2009 LDC backed the MBO of ANSA Holdings Limited (“Ansa”) and Independent Inspections Holdings Limited (“Independent”) from listed parent company Mavinwood plc in a transaction worth up to £19.55million.
Independent, based in Preston, is a market leading provider of claims validation, management and fulfilment services on behalf of the UK’s leading insurance companies. Customers include Direct Line, Norwich Union, Legal & General and Zurich Financial Services.
LDC, the private equity division of the Lloyds Banking Group, invested £11.6million in the new company and holds a significant equity stake.