LDC originally backed a £10million management buy-out of Airclaims in 2005 from UK and French insurance companies, British Aviation Insurance Co Limited and La Reunion Aerienne.
As part of LDC’s long-term investment strategy, the group’s data and analytics arm was spun out in 2006 to create Ascend, a company concentrating on a core offering of aerospace information, valuations and appraisals and consultancy solutions. This meanwhile enabled Airclaims to focus on consolidating its market-leading position in the claims management arena.
Since the original investment Airclaims introduced a new international operating structure, separating the business into global territories to create more effective routes to market. The business opened seven international offices. New services were also developed to complement its loss adjusting offering, including risk and asset management. This resulted in Airclaims doubling fee income and profits and it became an international market leader.
In 2011 LDC exited its investment in Airclaims through a disposal to McLarens Young International for an undisclosed sum.