Cripps advises on sale of ALP Holdings (Liverpool) Ltd and its subsidiary Letton Percival Limited to Ardonagh Advisory Broking Holdings Limited

Lowri Jones, Lorraine Reynolds and Abigail Kirk who are part of our Insurance M&A team are pleased to have advised the shareholders of Liverpool based insurance commercial and private line broker Letton Percival to Ardonagh Advisory Broking Holdings Limited. The team were able to use their experience in the insurance sector and familiarity with Ardonagh’s acquisition structure to help ensure a smooth and effective transaction to meet the client’s objectives.

Lowri Jones, insurance M&A partner at Cripps, commented: “We are thrilled to have supported Andrew and John on this transaction. An excellent transaction to showcase our expertise in the insurance M&A sector and our ability to draw on our prior experience with Ardonagh to achieve a successful outcome for Andrew and John. We wish them every success for the future”

Andrew Leaver and John Leaver, the former owners of ALP Holdings (Liverpool) Ltd, said: “We would like to thank Lowri, Lorraine and Abigail for their professionalism throughout the deal. Cripps were recommended to us as industry specialists, and they clearly demonstrated a deep understanding of the specific issues associated with such deals. The team at Cripps guided us through the whole process and nothing was too much trouble, particularly when it came to explaining the complexities in plain English and undertaking a lot of the work on our behalf, wherever they could. We would happily recommend their services to anyone thinking of going through the sale of their business.”

For more information about how we can support your business, please contact a member of the corporate team.