SMB advises long-term clients, the shareholders of the Lucid Companies, in their acquisition by Duff & Phelps

30th January 2020

Simons Muirhead Burton has advised the shareholders of Lucid Issuer Services (“Lucid”), Lucid Agency and Trustee Services and Fluyd (the “Lucid Companies”) in their acquisition by Duff & Phelps. The Lucid Companies are Europe’s leading providers of securities solicitation and loan and bond services solutions. Duff & Phelps is a global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues.

Separately, Duff & Phelps announced its purchase by a global investor consortium led by Stone Point Capital and Further Global for $4.2billion.

SMB has advised the founders of Lucid for over ten years from growth to exit.

Co-Founder Managing Director of Lucid, Sunjeeve Patel, said of the acquisition, “We are excited to be part of the Duff & Phelps family and to have the opportunity to leverage the firm’s expertise and relationships. The Duff & Phelps network is unparalleled, and we are confident that together, we will provide clients with the highest-quality restructuring solutions.”

The deal was led by Partner Peter Weiss, head of our Corporate, Commercial and Finance team. Peter was assisted by Senior Associate, Ollie Flowers, Associate, John Harrington, Associate Emma Halton and Partner in the Employment team, Ewan Keen.

We would like to wish the Lucid Companies every success in their future with Duff & Phelps. For more information on this deal, please see the following links:

Duff & Phelps Expands Securities Solicitation and Trustee Services Lines into Europe with Acquisition of Lucid Companies

Duff & Phelps to Be Acquired by Global Investor Consortium for $4.2 Billion