DAC Beachcroft in talks with private equity firm to sell claims business
Sale of claims solutions group would see DAC Beachcroft halve its workforce
DAC Beachcroft is understood to be in talks to sell the personal injury and specialist claims arm of its business, which employs more than 1,000 people, to a private equity firm.
RollOnFriday reported today that the UK law firm is in exclusive talks with Limerston Capital to sell its Claims Solutions Group (CSG), which provides specialist services to insurers and corporate clients.
While DAC Beachcroft did not confirm or deny the report, a person with knowledge of the situation said talks were ongoing.
DAC said in a statement: “Following in-depth strategic review of our business, we have decided to explore all our options to enhance the long-term investment into our Claims Solutions Group.
“CSG continues to operate in a very dynamic market and we are constantly assessing those markets and adapting our strategy to ensure that we are able to invest in the future of CSG in a way that enhances CSG’s overall offering and benefits our clients.”
CSG employs more than 1,000 people – roughly half of DAC Beachcroft’s workforce – across 12 locations in the UK and Ireland.
London-based Limerston Capital, meanwhile, has more than £300m under management and describes itself as a UK lower mid-market buyout fund ‘focused on driving value through buy-and-build and operational transformation’. Current investments include Village Bakery, Largo Leisure Holidays and Arch Sciences Group.
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