Moore Kingston Smith advises on the sale of one of Europe’s leading financial services providers to Duff & Phelps

29 January 2020 / Insight posted in Article, Press releases

Moore Kingston Smith is delighted to announce the sale of Lucid Issuer Services, Lucid Agency and Trustee Services and Fluyd (Lucid Companies) to global advisory group Duff & Phelps. The Lucid Companies are Europe’s leading providers of securities solicitation and loan and bond agency services. We advised the principal shareholders, Sunjeeve Patel and Yves Theis.

Our corporate finance team, consisting of John Cowie and Calvin Bond, alongside our M&A tax specialists Mark Fielden and Tom Acland, acted as lead financial advisers on the sale and helped secure a successful transaction. Peter Weiss and Ollie Flowers of Simons Muirhead & Burton provided legal advice to the shareholders.

Sunjeeve Patel, Managing Director of Lucid Issuer Services, said: “The Moore Kingston Smith team was invaluable throughout the process and provided expert knowledge and insight when we needed it most. The team proved to be very committed to supporting us individually and collectively as shareholders and were always on call to answer our questions and provide solutions to our problems. I can’t thank them enough for their hard work to ensure the sale completed within the tight deadline set.”

John Cowie, Director, Moore Kingston Smith Corporate Finance, added: “This was a complex transaction where we leaned heavily on our M&A tax team who helped create the optimum deal structure. We’re delighted for the shareholders and it was a real pleasure working with Sunjeeve and Yves. We look forward to seeing the continued success of the Lucid Companies as part of the ambitious Duff & Phelps family.”

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Further information about this transaction is available here.

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