Alcuin exits The Groucho Club
11st August, 2022
Alcuin Capital Partners is pleased to announce its exit from the Groucho Club, the UK's best known arts and media members club. The business has been acquired by Artfarm, the creatively-focused hospitality business which has acclaimed venues across the world. Alcuin backed the management buy-out of the Groucho Club in June 2015.
The Groucho Club chairman, Nick Hurrell, said: "I am delighted that we have reached agreement with Artfarm, who are the perfect owners for the Groucho. Their mix of cultural engagement, pedigree in art and excellence in hospitality sits very well with the particular spirit of a members club that has been an important part of London's cultural life for many years."
Adrian Lurie, Partner at Alcuin, said: "We are pleased with our investment in the Groucho Club and what is a successful exit for the Third Alcuin Fund. We of course wish Jeff, Nick and the team at the Groucho Club the very best for the future - it has been a pleasure working with them."
Alcuin exits Lorega
1st July, 2022
Alcuin Capital Partners is very pleased to announce its exit from Lorega, the UK's leading supplier of loss recovery insurance. The business has been acquired by Geo Underwriting, The Ardonagh Group's MGA segment, and will continue to be led by Managing Director Neill Johnstone and operate independently under the Lorega brand. Alcuin backed the management buy-out of Lorega in February 2016.
Lorega Managing Director, Neill Johnstone, said: "We are extremely grateful for the support of Alcuin over the last six years and are thrilled to be joining Geo Underwriting, where we will sit alongside a host of leading industry brands. We remain committed to all our UK brokers and to the service excellence we provide to them and their customers. We look forward to continuing to build our relationships with the broking industry across the UK and to bring more policyholders the expert support they need when they encounter an unexpected loss or damage."
Derek Coles, Ardonagh MGA CEO, commented: "Lorega is a real specialist and leader in the loss recovery insurance market with a wealth of experience within the team. We are excited about the potential to support their growth with both commercial and consumer clients and investing in digital platforms to extend the product distribution even more widely to the market."
Graham Morrison, Investment Director at Alcuin, said: "We are very pleased with what is a very successful exit for the Fourth Alcuin Fund, and of course wish management at Lorega the very best for the future. Under this team the business has grown in size and strengthened its formidable position as the UK's leader in loss recovery insurance. It has been a pleasure to have worked with them and we look forward to seeing the business develop further in the future."
Investment in TuffX Glass
20th December, 2021
Alcuin Capital is pleased to announce its investment in the MBO of TuffX Glass.
Founded in 1997 TuffX Glass is a market-leading bespoke toughened glass processor specialising in the residential sector, and located in Knowsley since 2009. The business offers a comprehensive range of specialist toughened glass, in primarily non-standard shapes and thicknesses, for end applications such as balustrades, partitions and rooflights.
John Tierney, CEO of TuffX Glass, commented: "From the first meeting with the Alcuin team it was obvious that they were the right partner to help with the continuing growth and development of TuffX Glass, and we look forward to a long and successful journey together."
Nick Seaman, Partner at Alcuin Capital Partners, commented: "TuffX Glass has an excellent track record of operational excellence and product innovation. We are excited to partner with John Tierney and the strong management team to continue their long history of profitable growth, and are delighted to be supporting the business to deliver its next phase of investment and expansion."
Alcuin exits Tasker
15th September, 2021
Established in May 2011, the Tasker Insurance Group is an insurance intermediary with a specialist retail broker, Tasker Insurance Brokers, a wholesale Lloyd's Broker, Tasker & Partners, and Managing General Agent, Gresham Underwriting. Employing 100+ staff in five UK offices the Group provides insurance broking and risk management solutions to businesses and their people, as well as wholesale broking support to other UK and Irish Brokers.
During Alcuin's ownership, Tasker continued its succession expansion, achieving strong organic growth, including the establishment of a European business, Tasker Brokers Europe, and through making a number of complimentary acquisitions.
The business now trades from 5 offices across the UK and has recognised specialisms within the Tour Operators and Travel, PI and Medmal, Technology and Life Sciences, Hospitality and Leisure and specialist Motor business sectors providing insurance broking, products and risk management services to clients and other brokers across the UK and internationally, including a number of household names.
Robert Organ, CEO of Tasker, said: "During our time with Alcuin we have grown to become a top 50 UK Insurance Broker, with Gresham, our underwriting business being recognised as a 5 Star business. We have come along way from our more humble roots as a Lloyd's and London market focused broker. I am grateful for Alcuin's continued support and guidance over the 10 years they have invested in us. I am also immensely proud of what the team have achieved and excited that we are joining The Jensten Group, a very complimentary business with similar ambitions. Together, I have no doubt, we can become a recognised leader within our industry."
Nick Seaman, partner at Alcuin Capital, said: "We are very pleased with our investment in Tasker and the outcome achieved. Our investment enabled the business to consummate a number of transformational acquisitions and the firm has taken a leap forward in terms of the depth of its specialism, client portfolio and appeal as an employer of top talent. We've been privileged to support Rob and his team and wish them every success for the future as part of the Jensten Group."
Investment in Hartley Botanic
14th May, 2021
Alcuin Capital is pleased to announce its investment in the MBO of Hartley Botanic.
Founded in 1938, Hartley Botanic is a leading manufacturer of luxury and bespoke Greenhouses and Glasshouses. The business is headquartered in Greenfield, Lancashire, and has operations in the USA where export sales have grown substantially in recent years. Hartley Botanic's Greenhouses are the only Aluminium Greenhouses endorsed by the Royal Horticultural Society, and Hartley has been commissioned by the likes of the National Trust, Kew Gardens, Oxford Botanic Garden, Hampton Court Palace and the RHS.
Tom Barry, CEO of Hartley Botanic, commented: "We are excited to partner with Alcuin during the next stage of development. Given Alcuin's impressive track record, I am sure that they will also provide the business with the stability, support, and insight to enable us to continue to maximise our potential both internationally and in our home market. Our customers and our colleagues remain central to all of our plans and we will continue to focus on providing the highest quality greenhouses and customer experience, around the world."
Neil Wilson, Partner at Alcuin Capital Partners, commented: "We are delighted to announce our investment in Hartley Botanic. Tom and the team have an excellent track record and have transformed the business in recent years to achieve strong growth in both domestic and international markets whilst providing outstanding customer service. We are excited to work with the team at Hartley and to help continue their success in the UK and abroad."
Investment in SF Engineering
21st April, 2021
Alcuin Capital Partners is pleased to announce its investment in SF Engineering.
SF Engineering is a specialist engineering business that designs, installs and integrates full food processing and packaging lines for meat, fish, dairy and meat alternative food products. SF was founded in 1982 and is based in County Sligo (Ireland) and Cambridgeshire (UK).
Seamus Farrell, CEO of SF Engineering, commented: "Alcuin's investment and acquisition expertise will ensure that SF Engineering continues strong commercial and brand growth into its next stage of development. We look forward to working with Alcuin to deliver this next phase."
Adrian Lurie, Partner at Alcuin Capital Partners, commented: "We are delighted to announce our investment in SF Engineering. SF Engineering's consistently strong growth and loyal, international, customer base are testament to the expertise of its employees, and their long-proven capability to deliver an outstanding service. We are excited to partner with Seamus and the SF Engineering team to further support the company's growth in Ireland, the UK and internationally."
Alcuin exits Martinspeed
8th April, 2021
Alcuin Capital Partners is pleased to announce the successful sale of Martinspeed to Crozier Fine Arts, a New York-based subsidiary of Iron Mountain Inc. Crozier are the global leader in fine art storage and logistics.
Established in 1975, Martinspeed is the UK leader in fine art storage and transportation. The business is situated in central London and provides moving, installation and storage services to the world's leading institutions, museums, collectors and galleries, with clients including the National Gallery and the British Museum.
During Alcuin's investment, the business grew its customer base with a particular focus on leading international galleries and art fairs, as well as substantially expanding its storage capacity.
Alcuin and the management team received corporate finance advice from BDO LLP (Satvir Bungar) and legal advice from Taylor Wessing LLP (James Goold).
Investment in Nemesis
29th January, 2021
Alcuin Capital is pleased to announce its investment in Nemesis Now Limited.
Founded in 2003 in Stoke-on-Trent, Nemesis Now is a leading creator of original pop culture merchandise, giftware and collectibles. The business has a growing portfolio of licensed products as well as a wide range of in-house designs, and sells into the UK and international markets.
Nick Chadwick and Andrew Norman-Smith, co-founders of Nemesis, said: "We are thrilled to be working with a dynamic team who are as passionate about our products and licences as we are. With our combined vision we see very exciting times ahead!"
Mark Storey, Chairman at Alcuin Capital, added: "We are delighted to complete our investment in Nemesis Now, a business underpinned by outstanding product quality and a stable portfolio of impressive license arrangements. We are excited to partner with Nick Chadwick and Andrew Norman-Smith and their capable management team to continue their strong track-record of profitable growth. Over the coming years we intend to further support the company's expansion, both in the UK and internationally, whilst building upon their positioning as the market-leader in the pop culture arena."
Alcuin exits AVMI
28th May, 2020
Established in 1990, AVMI is a leading visual communications systems integrator providing a complete range of video conferencing and audio visual services to the private and public sectors and includes many household names as clients.
Its services include supporting complex IP-based video networks, managing and maintaining telepresence suites, providing audio-conferencing, digital signage and equipping training rooms and presentation areas with state-of-the art technology.
During Alcuin's ownership, AVMI continued its successful expansion, making a number of complementary acquisitions, broadening its customer base and expanding its operations from the UK into a global organisation with 6 international offices.
Ed Cook, Chief Executive of AVMI, said: "The combination of Kinly and AVMI has always looked like an excellent idea and I am delighted that it is now a reality. Both companies are market leaders in their own countries and I am confident that, together, we can truly compete on the global stage. AVMI has grown from strength to strength since Alcuin's investment and I would like to thank them for their support and guidance over the years."
Adrian Lurie, partner at Alcuin Capital, said: "We are pleased with this successful outcome for Alcuin's investment. Under Ed and the team, AVMI has transformed in recent years in terms of both scale and breadth. It has been a pleasure to have worked with them all since 2012 and we wish them every success for the future."
Investment in Marsden
7th November, 2019
Alcuin Capital is pleased to announce its investment in Marsden Group Holdings.
Marsden is a leading manufacturer of weighing scales, having begun trading in 1926 - initially as a scales servicing shop. Marsden has an established reputation for accuracy and reliability, and its products are sold into the medical, industrial, veterinary and slimming sectors. The business is headquartered in Rotherham and its scales are sold in over 20 countries outside the UK.
Nick Seaman, Partner at Alcuin Capital Partners, commented: "Marsden is going through an exciting period of growth having recently launched a unique product to the global medical market. This represents the first of an exciting pipeline of NPD. We are delighted to be supporting the business to take both these new products and their existing product base to the NHS and healthcare organisations globally."
Richard Black, Managing Director of Marsden, added: "I'm excited for the future and the opportunity to drive this business through its next stage of growth alongside Alcuin."
Investment in Gravitas
8th October, 2019
Alcuin Capital is pleased to announce its investment in Gravitas Recruitment Group.
Established in 2010, Gravitas is a leading specialist recruitment consultancy operating across the UK and Asia. The business is headquartered in the City of London, with further offices in Manchester, Leeds, Hong Kong and Singapore. The UK division staffs technology roles in growing niches, while the Asia division primarily staffs permanent roles in the insurance and banking sectors.
Jonathan Ellerbeck, Alex Naylor and Daniel Wallis, Managing Directors and co-founders of Gravitas, said: "We are delighted to be partnering with Alcuin for the next chapter of Gravitas' growth story. We founded Gravitas to fill a gap in the market for an agency offering the niche specialism of a boutique, combined with the professionalism of a larger resourcing firm. With Alcuin as our investment partner, complementing our outstanding people, robust business platform and compelling growth proposition, we expect to accelerate the next phase of our journey."
"Alcuin stood out because of their strong strategic insight, the personable approach of their high-quality team and their excellent track record in supporting businesses in their journey from good to great. We have no doubt that they will help us fulfil our vision of becoming the global market-leader in our specialist core markets."
Nick Seaman, Partner at Alcuin Capital Partners, added: "We are delighted to announce our investment in Gravitas. We see Gravitas as a unique player in a highly attractive, fast-growing sector. We are excited to partner with Jonathan Ellerbeck, Daniel Wallis and their impressive management team to continue their strong track-record of profitable growth. Over the coming years, we intend to further support the company's expansion, both in existing and new markets internationally whilst staying true to its values-based, meritocratic culture."
Investment in Jenkins
19th December, 2018
Alcuin Capital Partners is pleased to announce its investment in Jenkins.
Jenkins is a port-centric logistics company that unloads, stores and distributes products for global manufacturers importing into the UK and Ireland. Headquartered in Belfast and trading for over 35 years, Jenkins is the market leader in handling paper products at ports in the UK and Ireland.
Nick Seaman, Investment Director at Alcuin Capital Partners, commented: "We are delighted to be joining Paul and the senior team as shareholders in Jenkins. Jenkins' consistently strong growth is testament to its fantastic service levels and its loyal, international, customer base."
Paul O'Hare, Executive Chairman of Jenkins, commented: "Alcuin's investment provides the business with the further funding capacity and support that Jenkins will require to continue growing strongly. We look forward to working with Alcuin to deliver this next phase."
Investment in Servelec Controls
6th December, 2018
Alcuin Capital Partners is pleased to announce its investment in Servelec Controls, a leading UK-based systems integrator operating predominantly in the oil and gas, and power and infrastructure sectors. Headquartered in Eckington, Sheffield, Servelec Controls develops and integrates bespoke mission-critical systems for national infrastructure by bringing together specialist hardware, software and world-class engineering to provide control, monitoring and safety solutions.
Andrew Mills, Managing Director of Servelec Controls, commented: "We are in a fairly unique position, active in what is a growing niche market where operational excellence and enhanced safety is imperative. We are excited to be in control of delivering exactly what our business and customers need."
This development will enable us to ensure that all our systems and processes are aligned to the industries in which we operate and we are confident that this new chapter in the company's development will be beneficial to both our customers and people, allowing us to deliver on our ambitions."
Grace Henderson-Londoño, Alcuin Capital Partners, added: "We are delighted to complete our investment in Servelec Controls, a strong business underpinned by outstanding engineering expertise and with significant opportunities for growth. We look forward to working with Andrew and his team to build on these robust foundations in coming years."
Investment in On The Go Tours
31st August, 2018
Alcuin Capital Partners is pleased to announce its investment in On The Go Tours.
Established in 2000 with offices in London, Brisbane and Johannesburg, as well as a presence in New Zealand, Canada and the US, On The Go Tours is a global escorted tour operator in the experiential travel market offering over 1,000 tours across 65 destinations.
On The Go Tours' managing director, Carl Cross, said: "After having grown the business significantly over the past three years, this new investment is the start of a new phase in the life of On The Go Tours. It will allow us to take important steps to elevate the business to the next level. My senior leadership team and I are invested in the business and incredibly excited about our future path."
"Over the past few months we have worked closely with Alcuin and feel extremely fortunate to have found partners who not only share our vision for further growth, but our commitment to all distribution channels and quality of the customer experience that On The Go Tours is known for."
Adrian Lurie, Alcuin Capital Partners, added: "On The Go Tours' successful growth is testament to its excellent team, product, partners and service. We are delighted to be joining Jay and Scott as fellow shareholders and we are excited to have the opportunity to work with Carl and his team to continue to expand the business in the coming years."
Bolt-on acquisition by AVMI
29st May, 2018
Alcuin Capital Partners is pleased to announce a bolt-on by AVMI of Focus 21, a leading audio visual and video conferencing integrator.
The deal significantly enhances AVMI's capabilities to design, deliver and support a broad range of audio visual, collaboration technology and digital media solutions. The combined business reinforces AVMI's market leading position in the UK, whilst growing and accelerating AVMI's vision for becoming a major player in the global AV market.
Investment in Jigsaw24
1st March, 2018
Alcuin Capital Partners is pleased to announce its investment in Jigsaw24
Established in 1992 in Nottingham, Jigsaw24 employs more than 220 staff across 5 UK offices. The group is the largest B2B Apple reseller in the UK and specialises in integrating Apple, Adobe and Avid product in to businesses operating within the Enterprise, Creative and Education sectors.
Roger Whittle, Founder & CEO, Jigsaw24, said: "We are very excited to work with Alcuin Capital Partners and furthering the Jigsaw24 business. The last few years have been very successful for Jigsaw24 and our continued growth has been testament to our strong management team and the dedication of everyone in the business."
"The initiatives that we have announced in the last 12 months - the acquisition of root6, working closely with Apple on the enterprise market, extending out Apple relationship in education and the extension of Jigsaw24 throughout the UK - will consume our focus in the coming months. We look forward to continuing to grow the business with the support of Alcuin."
Adrian Lurie, Alcuin Capital Partners, added: "Jigsaw24 is a leader in its field with a great team and strong track record of profitable growth. Their plans going forward are exciting and we are looking forward to working with Roger, John and the whole of the Jigsaw24 team to support this next exciting phase in the business' development."
Alcuin completes merger to form High Road Restaurants Group
2nd February, 2018
Alcuin is pleased to announce the formation of the High Road Restaurant Group, following the merger of Koh with the Buenos Aires ("BA"), a successful chain of Argentine steak restaurants.
Steve Hill and Gareth Lloyd-Jones both join the board of High Road to head the enlarged group as Executive Chairman and CEO, respectively. Steve and Gareth will be working with Andy Lennox of Koh and Massimo Osella of BA, who have been instrumental in building the brands to date and remain in their roles to drive further growth.
Grace Henderson-Londoño, co-founder of Alcuin Capital Partners LLP and investor in the High Road Group, said "The merger of Koh and BA brings together two strong and profitable restaurant brands. We look forward to working with Andy, Massimo, and the rest of the teams at BA and Koh to take advantage of the opportunities that currently exist in the sector. As part of a larger group, both brands will benefit from strategic and operational synergies, as well as the experience and financial backing that we, Gareth and Steve can bring to grow value in the group."
Alcuin exits Domus investment in trade sale to Headlam Group plc
7th December, 2017
Alcuin Capital Partners is pleased to announce the sale of Domus to Headlam Group plc, Europe's largest distributor of floorcoverings comprising 62 wholly-owned businesses in the UK and Continental Europe.
Established in 1964, Domus is the UK's leading specification consultant and supplier of ceramic tiles for premium construction projects, primarily in commercial office and residential sectors as well as leisure, retail and education, with a fast-growing presence in engineered flooring and other hard surfaces.
Steve Wilson, Chief Executive of Headlam, said: "Domus is a significant addition to Headlam and broadens our overall position in the industry. Domus provides us with meaningful product, supplier and customer diversification and expansion into a market segment that offers higher levels of profitability and additional growth opportunities."
Adrian Lurie, partner at Alcuin Capital, said: "We are pleased with this successful outcome for Alcuin's investment. Under Jon and the team, Domus has transformed in recent years in terms of both scale and breadth. It has been a pleasure to have worked with them all since 2012 and we wish them every success for the future."
Investment in Koh Thai Tapas
30th November, 2016
Alcuin Capital Partners is pleased to announce its investment in Koh Thai.
Established in 2009 in Bournemouth, Koh currently operates 12 restaurants across Dorset, Wiltshire, Somerset and Hampshire. The group has built a strong name in the South, won numerous national awards such as Eat Out's "Brand of the Year 2016" and is currently ranked 6th in the UK as "Best Employer in Hospitality". Alongside its restaurants, Koh operates pop-up lounges for private parties and large public events such as the Bournemouth Air Show.
Andy Lennox, Koh Founder & CEO, The Koh Group (TKG), said: "This deal is the culmination of many years of hard work by the company and positions us perfectly for the next phase of growth."
"Alcuin have already been an invaluable asset and we are really looking forward to building on the great working relationship we already have with them. For the next stage of growth, we have a brilliant company backing us in Alcuin, a war-chest for development and growth, a passionate management team, 12 thriving restaurants, almost 300 loyal staff and many thousands of loyal customers. Following years of dedication by the team this really is a great opportunity for the business and we are incredibly excited about the future".
Adrian Lurie, Alcuin Capital Partners, added: "Andy and his team have built an excellent brand and we are excited by the opportunity to support the team in the coming years to build on this excellent foundation."
Investment in Dovetail Games
31th October, 2016
Alcuin Capital Partners is pleased to announce a multi-million pound growth capital investment in Dovetail Games, a market-leader in the development and publishing of simulation games, to fund the development of a range of new products being released next year.
Dovetail Games was established in 2009, specialising in the development and publishing of simulation entertainment products. The company has grown from 7 employees to over 130 people based across two locations in Kent and Scotland since its launch. Initially responsible for producing the Train Simulator series of products on PC, Dovetail has expanded its roster of games to include flight and fishing simulations, available for both PC and console. Dovetail Games is an award winning company, ranked in the Sunday Times Hiscox Tech Track 100 in 2015.
Paul Jackson Esq OBE, CEO of Dovetail Games, commented: "We are excited to welcome the backing of Alcuin in this new chapter for the business and its community of players. We all look forward to working together on the future of our simulation products as we strive to deliver world-class simulation games to our loyal hobbyists."
Mark Storey, Founding Partner at Alcuin Capital Partners, said: "Dovetail Games is just the sort of ambitious, growing, international business that we like to support. We know hobbies make great investments having backed Games Workshop almost 25 years ago!"
Lorega voted top in 2016 Broker Service Survey
14th October, 2016
Lorega Limited, the UK's market leader in claims assistance and loss recovery insurance, has been ranked first for service in the Commercial Lines category of the Insurance Times Broker Service Survey 2016.
Alcuin invested in Lorega in early 2016. The company has established a reputation as the UK's leading specialist for claims expertise and for providing a first class claims handling services for its customers.
Neill Johnstone, managing director of Lorega, said: "Providing brokers and their clients with a high quality, responsive and dedicated service is at the heart of our business. Our success in the BSS 2016 is a justified recognition for the whole of the Lorega team. The fact we have been voted number one by brokers is testament to the continued delivery of our core values of passion, dedication and expertise. It endorses our commitment to working hard to understand the needs of brokers and their clients, then delivering expert and practical claims and other assistance support that makes a real difference to brokers and policyholders alike."
Investment in Air Charter Service
12th October, 2016
Alcuin Capital Partners is pleased to announce its investment in Air Charter Service, a global leader in the aircraft charter market. Founded in 1990 by Chairman Chris Leach, Air Charter Service now employs more than 350 staff worldwide across 20 offices spanning five continents. The group offers private jet, commercial airliner and cargo aircraft charters, arranging more than 10,000 charters annually.
Justin Bowman, CEO of Air Charter Service, said: "The fact that this company has grown from the basement of a house to the largest charter brokerage in the world is a huge achievement and testament to our amazing team and corporate culture."
"However, we are still an ambitious organisation. Our growth to date has been entirely organic and whilst we will continue to follow those strategies that have been successful in the past, we wish to accelerate our expansion through capital investments in both technology and through acquisitions of complementary businesses."
Mark Storey, Co-founder of Alcuin Capital Partners said: "Air Charter Service is a leader in its field with a strong track record for growth. Their plans going forward are exciting and we are looking forward to working with their management team as they implement them."
Alcuin exits Krispy Kreme UK
4th October, 2016
Alcuin is pleased to announce the sale of Krispy Kreme UK ("KKUK") to Krispy Kreme Group, its U.S.-based brand owner.
Founded in 1937 in the US, the UK operations began in 2003 when KKUK opened its first flagship store in Harrods, London before expanding to other cities across the UK including Manchester, Birmingham, Leeds and Edinburgh. The business now sells over 62 million doughnuts "made fresh daily" each year.
At the time of Alcuin's investment in 2011, KKUK had 42 stores and 207 in-store cabinets. Under Alcuin's ownership KKUK grew to over 70 stores and over 690 in-store cabinets, with revenue, gross margin and profitability increasing substantially.
Following the sale to the U.S.-based brand owner, KKUK will continue to operate as normal and the company will continue to pursue growth through the opening of new retail stores and self-serve cabinets across the UK and Republic of Ireland.
Mike Dowell, CEO of Krispy Kreme UK Ltd, said: "Today's announcement is very exciting for our business and all of our people. Krispy Kreme Group has been very supportive of our progress and growth over recent years and we look forward to working more closely with them as we continue to grow the brand in the UK and Ireland. I would like to take this opportunity to thank Alcuin Capital for their support and guidance over the last five years."
Grace Henderson-Londoño, Partner at Alcuin Capital, commented: "Since our original investment in 2011, we have very much enjoyed working with the management team to grow the business into the extremely successful operation that it is today. We wish the team all the very best for the future."
Investment in Lorega
3rd March, 2016
Alcuin Capital Partners is delighted to announce its investment in Lorega Limited, the UK's market leader in claims assistance and loss recovery insurance. Lorega has an established reputation as a leading specialist for claims expertise and for providing a first class claims handling services for its customers. Of the claims assistance policies sold in the UK, around 95% or more are provided by Lorega.
Mark Storey, of Alcuin Capital Partners, said: "Lorega is a long established and high quality market leader, and combines a strong management team with an excellent market position and significant opportunity for growth. We look forward to working with the Lorega team as the business goes from strength to strength."
Lorega Managing Director, Neill Johnstone, said: "With the backing of Alcuin and the continuing support of an experienced team, we are set for an exciting future. We have built a strong reputation on delivering professional and expert services to meet the needs of brokers and their clients. This remains core to our business and we see significant opportunities to deliver a range of responsive products, backed by high levels of customer service, for both brokers and the affinity market."
Alcuin exits The Travel Trust Association
18th January, 2016
Alcuin Capital Partners is pleased to announce that it has successfully exited its 2008 investment The Travel Network Group through a secondary MBO.
The Travel Network Group represents the largest independent travel network in Europe, with over 800 members, and provide a range of membership propositions, products and services that enable new or existing travel businesses to operate within the travel sector.
The sale includes ownership of all membership brands underneath The Travel Network Group, specifically Travel Trust Association (TTA), Worldchoice, Independent Travel Experts, Worldchoice Ireland and TTA Trustees.
The transaction represents a successful exit for Alcuin, who first backed TTA in 2007 and subsequently made a follow-on investment in 2008 to support the acquisition of the Worldchoice consortium.