PriestleySoundy is advising Founders Steve Marshall, Laura Benton and other Senior Managers in connection with an undisclosed minority growth capital investment by Bridgepoint Development Capital.
The deal, which is subject to the approval of the Financial Conduct Authority, will allow Reassured to continue to lead the growth in its sector, invest in technology and develop new products.
Reassured is one of the UK’s biggest life insurance brokers specialising in finding people life insurance cover. Founded in 2009, Reassured has offices in Manchester, Basingstoke, Southampton and Portsmouth.
Bridgepoint Development Capital is a dedicated team that is focused on buyouts and growth capital investments, typically in businesses with an enterprise value of between £30 million to £200 million.
Management are also being advised by Kemp Little. Travers Smith are advising Bridgepoint.
7th February 2020