Tavistock buys 21% stake in advice firm LEBC Group

Buying shares from founders' widow

clock • 1 min read

Tavistock Investments has bought a 21% stake in adviser firm LEBC Group, a provider of employee benefits and group risk products.

The firm has bought £10m worth of shares from Marie McVitie, the widow of LEBC founder and former CEO Jack McVitie. The firm said £6m will be paid upon completion of the deal, which is subject to regulatory approval, and the remaining £4m in 12 months' time aftet the deal is completed.  The deal, Tavistock added, will give the firm right of first refusal if any of the company's other shareholders want to sell any shares. BP Marsh & Partners, an AIM-listed company, is LEBC Group's largest shareholders and owns 60% of voting rights. Tavistock Investments is also an AIM-listed firm that has...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

COVER Customer Care Conference 2025: Roundup

COVER Customer Care Conference 2025: Roundup

Today (27 June, 2025), COVER hosted its Customer Care Conference, focussing on building consumer trust through care.

Cameron Roberts
clock 27 June 2025 • 4 min read
BIBA publishes guide for brokers to understand AI

BIBA publishes guide for brokers to understand AI

Regulatory, legal and compliance considerations

Cameron Roberts
clock 27 June 2025 • 1 min read
GRiD adds IHC to membership

GRiD adds IHC to membership

Independent advice to corporate clients

Jaskeet Briah
clock 18 June 2025 • 1 min read