LDC backs Right Choice Insurance Brokers with £28m investment
11 Jun 2018
We have grown organically from day one, and over the last 10 years have achieved significant scale as a result of our unique business model and technology platform."
“We’re now at the stage where investment is paramount to enable us to push on to the next phase of our growth plans. Having held a longstanding relationship with LDC, partnering with them was a natural fit and we are excited to move forward with our shared ambition.”
Yann Souillard, head of LDC in London and the South, said: “Mike is a great example of the type of ambitious entrepreneur with a proven track-record for growth that we love to back. Having developed Right Choice from just a concept, Mike and his team have created a major disruptor in the insurance space and we look forward to working together to execute a growth plan, which will strengthen the business’ position as a market leader in its field.”
Debt facilities were provided by Ares. The management team was advised by KBW-Stifel and LDC was advised by Addleshaw Goddard (legal), KPMG (Financial DD and Debt Advisory) and OC&C (Commercial DD).