LDC exits Validus-IVC to US data analytics provider Verisk
21 Jun 2018
The team at LDC has provided the financial and managerial support that is essential to any business with ambitious growth plans. We’ve come a long way in recent years and have built a thriving and exciting business at the forefront of claims management. We look forward to embarking on our journey with Verisk and continue to challenge and disrupt the global motor insurance market.”
Rob Schofield, Investment Director at LDC, added: “Sometimes growth strategies can take longer than originally planned, but we pride ourselves in sticking with our portfolio companies to help them through challenges and stay true to their business strategy. Our longstanding relationship with Validus and this transaction with a major, international player in the data analytics industry shows the value there is in that long-term commitment.
“The deal provides Validus with a great opportunity to deliver its products into new markets around the world and, in turn, offers Verisk a real foothold in the UK insurance market, but also access to a key software platform and delivers its broader product and service proposition – that has significant growth potential. We wish Ed and his team all the best with this new venture.”