Is claims sector set for investment and M&A surge following latest LDC move?
Speculation is mounting that the claims market is ripe for further private equity investment and mergers after motor claims specialist Validus IVC completed a management buyout with backing from Lloyds Development Capital valuing the firm at £30m.
LDC, which also holds a stake in claims validation, restoration and replacement group Independent Group and law firm Keoghs, has paid £12m for a 40% stake in the business and installed RJ Kiln
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