Trio bag roles on £570m insurance buy-out
Osborne Clarke (OC), DLA Piper and Lovells have advised on Insurance Australia Group's (IAG's) £570m buy-out of Equity Insurance Group (EIG). The deal, which closed last month, saw IAG take on EIG, one of the UK's largest motor underwriters and brokers, with a network of call centres and more than 70 high street branches across the UK.
February 07, 2007 at 11:06 PM
1 minute read
Osborne Clarke (OC), DLA Piper and Lovells have advised on Insurance Australia Group's (IAG's) £570m buy-out of Equity Insurance Group (EIG).
The deal, which closed last month, saw IAG take on EIG, one of the UK's largest motor underwriters and brokers, with a network of call centres and more than 70 high street branches across the UK.
OC advised the EIG management after the firm acted on the company's 2005 sale to a consortium that included private equity houses Duke Street Capital and Englefield.
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