Lanes Assistance Services in MBO

The investment will buy-out existing shareholder Lanes Group and aims to provide significant capital to develop LAS’ infrastructure and personnel to drive future growth. Gresham provided 100% of the funding.

With offices in Manchester and Birmingham, LAS provides outsourced claims management service for the insurance industry. T

he investment will be used to enable the company to grow organically through expanding its client base and through acquisition.

Gresham’s investment will be used to enhance LAS’ operational infrastructure, expand its service offering and strengthen the senior management team.

Andy Marsh, partner at Gresham, said: “We have been looking to invest again in this market for some time now. The key for us has been to identify a market leading business that delivers real and quantifiable cost savings for its insurer companies. Our work on LAS substantiated this. We are delighted to be supporting the management as they take the company to the next stage in its growth.”

The management buy-out is led by LAS managing director Darren Cooper and commercial director Tim Walker.

Mr Cooper said: “Partnering with Gresham will ensure that we are well placed to maximise the wealth of opportunity which exists in the market. The investment will ensure that the high level of customer service LAS provides is maintained as volume increases and that future growth is managed in a controlled manner. It’s a very exciting time for us.”