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Our partnership with LDC helped us transform the scale of the business, creating a platform to support rapid expansion through acquisition and the impact on our colleagues and clients has been hugely positive. We’re excited about continuing this journey with ICG, adding new capabilities so we can service our clients in new ways and in new markets.”

Dennis O’Brien, CEO
Lucid Group

Christian Bruning, Director of LDC in London, added: “Thanks to Dennis and Jan, the Lucid team already had deep technical expertise and a highly client-focused approach at its core. Our partnership has been about supporting further expansion of the service offering organically and through buy and build, while retaining the culture fundamental to Lucid’s ongoing success. We’re excited to see what the team goes on to achieve.”

He added: “There are so many businesses like Lucid who have the capability and ambition to scale but lack the capital or experience to buy and build. As more markets consolidate, we’re keen to talk to management teams just like Dennis and Jan about these opportunities.”

The transaction was led, on behalf of LDC by Christian Bruning and Joseph Fison.

LDC and Lucid were advised by Rothschild (Corporate Finance) and Osborne Clarke (Legal) RSM (Financial Due Diligence) and Candesic (commercial Due Diligence) and Matrix (Insurance Due Diligence).

Management were advised by Liberty.