Acquisition of Ling Cook by Gibbs Denley

Logo of Gibbs Denley

PEMCF advised management on the acquisition of Ling Cook Limited and carried out due diligence on the target business.

Company background

Gibbs Denley is a leading Cambridge based insurance broker and financial adviser.  It has been growing steadily for the last 15 years by concentrating on the insurance needs of local businesses, farmers and industrialists, together with the related personal insurances whilst making a number of strategic acquisitions at regular intervals.

What was special

The deal was relatively straightforward and allowed a managed succession of ownership at Ling Cook thus securing local jobs.

Deal structure

The deal was financed from internal resources of Gibbs Denley and loan notes from the vendors.

 

Read the press release

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