It recorded a turnover of £26m in its latest financial year and employs more than 350 people. Private equity company LDC has paid £28m ($37m) for a minority stake in motor insurance broker Right Choice Insurance Brokers. Since being launched in 2008, the broker has grown organically since day one and achieved significant scale thanks to its unique business model and technology platform. The deal is expected to close by end of this year with RightChoice’s existing shareholders taking over majority ownership.
Private equity company LDC has paid £28m ($37m) for a minority stake in motor insurance broker Right Choice Insurance Brokers. Since being launched in 2008, the broker has grown organically since day one and achieved significant scale thanks to its unique business model and technology platform. The deal is expected to close by end of this year with RightChoice’s existing shareholders taking over majority ownership.