LDC exits Keoghs

Keoghs CEO John Whittle and the management team will continue to lead the business.

LDC took a 22.5% stake in Keoghs in 2012. During LDC's holding period, Keoghs increased its revenues from £55m in 2012 to £93m in 2019 and grew employee numbers from 1,200 to 1,700. The firm also made several acquisitions, acquiring an insurance team from Hill Dickinson in Liverpool, the defendant insurance business of Newcastle-based Sintons, and Caldwell Warner in Belfast.

Keoghs will form a new legal arm within the Davies Group.

The transaction is subject to customary regulatory approvals and is expected to close during the first quarter of 2020.

Company
Headquartered in Bolton, the company operates in 10 locations across the UK. Keoghs provides dispute resolution and risk services regarding insurance claims. The company generated operating profit of £20m from revenue of £93m for the year ending on 31 May 2019. It employs 1,700 people.

People
Keoghs – John Whittle (CEO).
LDC – John Garner (head of Yorkshire and the north-east).

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