Slaughters and Norton Rose Fulbright lead as esure purchases remaining half in Gocompare
Slaughter and May and Norton Rose Fulbright have landed the leading roles as esure Group prepares to buy the outstanding 50% stake of price comparison website Gocompare.
December 08, 2014 at 07:32 AM
2 minute read
Slaughter and May and Norton Rose Fulbright have landed the leading roles as esure Group prepares to buy the outstanding 50% stake in price comparison website Gocompare.
The deal, worth £95m, will hand insurance provider Esure full control of the Newport-based start-up, which is now valued at £190m.
Gocompare founder Hayley Parsons will leave the company upon completion of the deal, which is still pending regulatory approval.
Slaughters is representing esure, with corporate partner John Papanichola advising on M&A and partner Matthew Tobin on finance.
Papanichola also led the team advising the insurer on its London listing last year, with Davis Polk & Wardwell mandated on US aspects and Ashurst acting for the banks on the float.
Norton Rose Fulbright is acting for Gocompare's shareholders, which include Parsons, with a team comprising corporate partners Richard Bull and David Whear.
Esure also owns car insurance brand Sheila's Wheels. It initially bought a 50% holding in Gocompare in 2007 for £2.7m, a year after the company was set up. The latest buyout will be funded by an issuance of up to £125m of subordinated notes.
Earlier this year esure formed an alternative business structure joint venture with Irwin Mitchell. The IMe Law Limited initiative involves a dedicated Irwin Mitchell team in Sheffield, which provides legal representation for esure customers.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Tribunal Dismisses AML Case Against Kennedys’ Chief Risk Officer, But Ex-Partner Fined
2 minute read
FCA Fines Metro Bank £16.7M Over ‘Financial Crime Failings’
Trending Stories
- 1Former McCarter & English Associate Fired Over 'Gangsta Rap' LinkedIn Post Sues Over Discrimination, Retaliation
- 2First-of-Its-Kind Parkinson’s Patch at Center of Fight Over FDA Approval of Generic Version
- 3The end of the 'Rust' criminal case against Alec Baldwin may unlock a civil lawsuit
- 4Solana Labs Co-Founder Allegedly Pocketed Ex-Wife’s ‘Millions of Dollars’ of Crypto Gains
- 5What We Heard From Litigation Leaders This Year
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
