Cripps Leads ALP Holdings Sale to Ardonagh Advisory
Deal News | Apr 04, 2025 | Cripps
Cripps, a specialist law firm in insurance M&A, has successfully advised on the sale of ALP Holdings (Liverpool) Ltd and its subsidiary, Letton Percival Limited, to Ardonagh Advisory Broking Holdings Limited. The transaction was facilitated by Cripps' insurance M&A team, including Lowri Jones, Lorraine Reynolds, and Abigail Kirk, who leveraged their industry knowledge and previous experience with Ardonagh to ensure the deal's success. Former owners Andrew and John Leaver expressed their satisfaction with Cripps' services, citing the team's professionalism and ability to simplify the complexities of such transactions. This acquisition marks a strategic expansion for Ardonagh Advisory Broking Holdings Limited.
Sectors
- Insurance
- Mergers and Acquisitions (M&A)
- Legal Advisory
Geography
- United Kingdom – ALP Holdings is based in Liverpool, UK, and the advisory services were provided by UK-based Cripps.
Industry
- Insurance – The transaction involves insurance companies, specifically a commercial and private line broker being acquired by a larger advisory broking firm.
- Mergers and Acquisitions (M&A) – The article discusses a specific M&A transaction involving the sale of ALP Holdings to Ardonagh.
- Legal Advisory – Cripps provided legal advisory services in the insurance sector, assisting with the acquisition process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cripps | Legal advisor | Company | A law firm specializing in insurance M&A transactions. |
| ALP Holdings (Liverpool) Ltd | Target company | Company | A Liverpool-based insurance broker being acquired. |
| Letton Percival Limited | Subsidiary | Company | A subsidiary of ALP Holdings involved in the transaction. |
| Ardonagh Advisory Broking Holdings Limited | Bidding company | Company | An advisory broking firm acquiring ALP Holdings. |
| Andrew Leaver | Former owner | People | One of the former owners of ALP Holdings. |
| John Leaver | Former owner | People | One of the former owners of ALP Holdings. |
| Lowri Jones | Insurance M&A partner | People | A partner at Cripps who led the advisory team on the transaction. |
| Lorraine Reynolds | Insurance M&A team member | People | Part of the Cripps team advising on the transaction. |
| Abigail Kirk | Insurance M&A team member | People | Part of the Cripps team advising on the transaction. |