KBS Corporate Oversees the Acquisition of Channing Lucas and Partners
Channing Lucas and Partners is an independent marine insurance broker offering a comprehensive range of products and bespoke solutions to clients throughout the UK and internationally.
The shareholder of Channing Lucas and Partners approached KBS Corporate with the sale of their business to facilitate part of their retirement plans.
The opportunity attracted 39 interested parties which resulted in four offers. The successful offer came from DR&P Group Limited via investment from Inflexion Group. The acquisition was motivated by DR&P Group Limited growth plans.
Jay Singh, Corporate Finance Director at KBS Corporate, advised Channing Lucas and Partners throughout the process.