Bain Capital £1.2 billion bid for esure

14/8/2018

Private acquisition

Value:

£ 1.2 billion

Dollar value:

$ 1.531 billion

Status:

Announced

Date:

14/8/2018

Overview:

Bain Capital acted through its subsidiary Blue Bidco.
esure is a British motor and home insurance company.
Recently an increasing number of insurance company acquisitions have taken place, such as: Viridium's acquisition of Generali Leben, Cigna's acquisition of Express Scripts, AXA's acquisition of XL Group and Phoenix Group Holdings' acquisition of Standard Life Assurance.

Mihail Georgiev - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Insurance

Firms:

Slaughter and May

Party: esure Group (Target)

Lawyers: John Papanichola, Robert Innes

Weil Gotshal & Manges

Party: Bain Capital (Acquirer)

Lawyers: Ian Hamilton, Marco Compagnoni

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