Slaughters and Weil take lead roles on Bain's £1.2bn bid for insurer Esure
Slaughters reprises role for Esure as insurer prepares to go private
August 14, 2018 at 05:13 AM
2 minute read
Slaughter and May and Weil Gotshal & Manges have won roles on Bain Capital's £1.2bn bid for insurance company Esure.
Esure, which owns brands including Sheilas' Wheels, has turned to regular adviser Slaughters, with corporate partners John Papanichola and Robert Innes leading the team, which also includes antitrust partner Philippe Chappatte.
Weil is advising Bain, fielding a team led by private equity partner Marco Compagnoni and senior consultant Ian Hamilton.
Skadden Arps Slate Meagher & Flom is advising Bain's financial advisers, with a team led by London based corporate partner Scott Hopkins.
Papanichola previously took a key role for Esure in 2016, when the insurer demerged its price comparison website GoCompare through a listing on the London Stock Exchange.
Weil has previously advised Bain as part of a consortium with Advent International on deals including the acquisition of card payment company Concardis and its subsequent merger with NETS, as well as the acquisition and subsequent IPO of Worldpay.
Compagnoni said: "We are delighted to have advised Bain Capital on this important and significant transaction. We have worked with the Bain team for a number of years on a range of opportunities, so it is also pleasing that this is our first announced solo deal for them."
Esure's chairman and founder Sir Peter Wood, who owns 31% of the company, will remain in his position after the deal closes.
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