Press office

As part of the deal, Eversheds also advised mid-market private equity firm LDC on exiting its investment in Airclaims.

After the merger the two firms will continue to trade under their own brands, but Airclaims will become a fully owned entity within the MYI group.

The Eversheds team was led by partner Richard Moulton assisted by associates Mark Saunders and Nicola Evans and solicitor Anthony Cross.

Richard commented:

“It is a pleasure to have advised Airclaims on this strategic merger, which will help the firm to expand and diversify its offering. We look forward to continuing our relationship with the company.”

Mark Hunter, CEO of Airclaims, commented:

“We were seeking to merge with a truly global business, with a recognisable brand, scalability and a focus on quality of service. At the same time, an appetite for future growth was imperative. It was clear from the outset that MYI more than satisfied these characteristics and we are delighted to form this partnership. As our legal adviser, Eversheds dedication to getting the job done and their high quality work was exemplary throughout.”

Yann Souillard, Managing Director at LDC commented:

“LDC's investment in Airclaims included acquiring the business from an international consortium, a subsequent de-merger of its information division into a separate legal entity, and the eventual sale of the business to an overseas trade buyer. Eversheds provided invaluable help in navigating through the complexities of each of these transactions. Successful international M&A requires skill, experience, and tenacity, and the team at Eversheds demonstrated strength in all of these areas.”