Ince & Co has advised the departing shareholders on the sale of their shares in Lorega Limited to a newly incorporated company owned by Lorega’s management team and the management team’s investors, Alcuin Capital Partners LLP. The value of the MBO was undisclosed.

Lorega Limited is a leading insurance intermediary who provides loss recovery insurance, giving access to claims negotiators who work with brokers to settle insurance claims.

The Ince & Co team advising the departing shareholders was led by Global Head of Corporate Stephen Jarvis and also comprised Mona Patel (Senior Associate, Corporate), Katy Carr (Senior Associate, Insurance & Reinsurance), Cordelia Sanger (Solicitor, Corporate) and Mehmet Achik-El (Trainee, Insurance & Reinsurance).

Stephen Jarvis, Global Head of Corporate, commented:

“This was a complex transaction as it threw up a number of corporate and regulatory insurance matters, including aspects of financial promotion and FCA approvals. Our leading expertise of advising on transactions and regulatory matters in the insurance market enabled us to assist our clients to reach a successful conclusion.”

The departing shareholders were also advised by IMAS Corporate Finance.