PriestleySoundy has been advising the Senior Management Team of esure on their incentive arrangements.
In August 2018, it was announced that Bain Capital was to take esure private in a £1.2 Billion ($1.55 billion) deal. The deal was one of the largest insurance M&A transactions and one of the largest UK take-privates of 2018.
Founded in 2000 by Sir Peter Wood, esure is one of the UK’s leading providers of motor and home insurance products (through the esure and Sheilas’ Wheels brands). Its insurance brands provide cover for around 2.35 million customers and over 1.8 million car customers.
Bain Capital is one of the world’s leading private multi-asset alternative investment firms with approximately $120 billion of assets under management and over 1,000 employees in 19 offices worldwide.
Bain Capital was advised by Weil and Norton Rose. Sir Peter Wood was advised by Herbert Smith Freehills. Slaughter and May advised esure.
20 October 2020