Case study

Validus-IVC: Five year partnership supports growth

Management buyout and patient capital enables insurance company to develop its own proprietary software.

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Sector
  • Financial services
  • Support services

Validus-IVC is a business specialising in claims management and counter fraud software services.

Deal type
  • Management buyout
Deal value

£12m

Exit type
  • International trade sale
Exit date

21/06/2018

The Team
LDC Region

Validus was established in 2007 to provide claims-management and analysis services to the UK motor industry. Since then, it has evolved to develop its own software to support the automation of claims services for insurance providers in the UK and overseas, including Australia.

LDC-backed buyout

We completed a management buyout of five senior shareholders in 2013 in a deal worth £12m. This significant backing was the boost that the management team needed to drive its organic growth strategy.

The team at LDC has provided the financial and managerial support that is essential to any business with ambitious growth plans.”
Ed Van Rooyen, CEO
Validus-IVC

Verified success

The Norwich-based company excelled from there as its Verify™ software grew to serve over half of the UK’s insurers by number of claims. The award-winning software came to be responsible for more than 50 per cent of the group’s earnings.

Over the course of a five-year partnership with LDC, Validus picked up numerous awards, including Claims Partner of the Year at the Insurance Times Awards.

Major trade sale

We exited our investment in Validus when the business completed an international trade sale to NASDAQ-listed Verisk, a leading data analytics provider, in 2018.

Awards

Claims Partner of the Year

Insurance Times Awards 2016

Technology Partnership of the Year (Claims)

Tech and Innovation Awards 2016