Ardonagh Buys Motor Broker Lloyd Latchford For £15.3M

Law360, London (October 2, 2020, 1:09 PM BST) -- Insurance holding company Ardonagh said on Friday that it has bought motor broker Lloyd Latchford Group in a deal worth £15.3 million ($19.5 million).

The transaction has already received regulatory approval, the Ardonagh Group said on Friday, with £11.5 million paid in cash and the remainder in shares.

The deal comes two days after private equity-backed Ardonagh said it will sell its newly acquired broking company, Bennetts Motorcycling Services Ltd., after the antitrust watchdog said it will examine the deal amid competition concerns.

Lloyd Latchford, a retail broker based in the central England county of Buckinghamshire, specializes in car, driving instructor, commercial...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!