Homeserve Emergency Services (HES), a service provider to domestic insurance companies, has been bought out by LDC for £11 million.
Homeserve Emergency Services (HES), a service provider to domestic insurance companies, has been bought out by private equity firm LDC for £11 million.
The management buy-out (MBO) from parent company Homeserve, which is listed on the Main Market of the London Stock Exchange, includes HES’s three trading businesses, Homeserve Glass and Locks, Homeserve Chem-Dry and Homeserve Content Services. The company will be rebranded as Evander Group.
Chris Hurley, investment director at LDC, describes HES as a ‘high-quality, market-leading business’ and says it has ‘strong brands and clear opportunities to deliver significant future growth’.
The MBO is led by CEO Jonathan Simpson-Dent, together with Alan Horton, Mark Taylor and Simon Hancox, respectively the managing directors of the glazing, flood damage and product replacement arms of HES.