Grant Thornton advises Lexham Insurance Consultants Lexham Insurance Consultants has been sold to APRIL Group

January 2024
Lexham Insurance Consultants
Adviser to Lexham Insurance Consultants on their sale to APRIL Group
Grant Thornton team
Corporate finance
Sell side

We are delighted to have advised Lexham Insurance Consultants on their sale to APRIL Group

Norfolk based Lexham Insurance Consultants (“LIC”) is one of the UK’s leading specialist niche insurance providers to the scooter, moped and motorcycle markets.

The Group comprises of an MGA with over 60,000 policyholders, a leading Claims Services offering (CAM Legal Services), Premium Financing (LXM Management Limited) and a Credit Hire Business (Lancaster Gate Assistance).

Backed by KKR, APRIL is a leading wholesale broker based in France with operations across mainland Europe. This transaction represents APRIL Group’s first acquisition in the UK market in recent years.

Our team, comprising of both our regional and sector specialist advisers, led negotiations on behalf of the shareholders, ensuring that the value of LIC was fully understood and that the deal was structured so as to optimise the opportunity for both LIC and APRIL.

Using our in-depth sector experience and knowledge, we led and managed the due diligence process through to completion alongside providing support in structuring, transactional considerations and process management throughout the regulatory approval process.

This tightly managed process ensured the transaction remained competitive throughout in order to maximise value for our client. 

The Grant Thornton team showed exceptional commitment and sector knowledge throughout, negotiating extra value in the deal and successfully guiding us through to complete what I’m confident is the right transaction for the business, its people and clients. Grant Thornton’s support and guidance throughout the process was invaluable.
Richard Ironmonger Chairman, Lexham Insurance Consultants Limited