IFLR1000

Cinven Partners £462 million acquisition of Premium Credit

13/1/2015
Private acquisition
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£ 462 million

$ 576.769 million

Announced

13/1/2015

Overview:

  • Cinven Partners has acquired Premium Credit for £462 million from GTCR Private Equity.
  • Premium Credit is a financial services company that provides services to allow individuals and businesses to pay Insurance premiums in installments.
  • GTCR acquired Premium Credit in 2012 from Bank of America.
  • JPMorgan acted as financial adviser to Premium Credit.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Financial services

Firms:
Freshfields Bruckhaus Deringer

Party: Cinven (Acquirer)

Kirkland & Ellis

Party: GTCR Private Equity (Seller)

Lawyers: Adrian Maguire, William Burke

Travers Smith

Party: Premium Credit (Management)

Lawyer: Chris Hale

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