Weil has advised Bain Capital and esure on its agreement with Ageas to sell esure. As a leading UK personal lines insurer, esure has a fully digital distribution model through the price comparison websites (PCW) channel and three popular brands – esure, Sheilas’ Wheels and First Alternative. The Firm also advised Bain Capital on its takeover of esure in 2018. Ageas is a listed insurance group with insurance businesses in Europe and in Asia.

The combination of Ageas UK and esure will create the third largest UK personal lines platform. Under the terms of the transaction, Ageas will pay Bain Capital a cash consideration of £1.295 billion (€1.510 billion). The completion of the transaction is expected to occur in 2H 2025 and remains subject to regulatory approvals.

The Weil team was led by Private Equity partner Max Oppenheimer with Marco Compagnoni, assisted by Private Equity associates Ronan Craig and Ashwin Gopakumar. The wider team included Finance partner Alex Eagle, Antitrust partner Neil Rigby and counsel Nicholas Barnabo, Tax partner Oliver Walker and associate Sean Wright, Incentives counsel Kevin Donegan, Employment counsel Mark Taylor and associate Caitlin Haggerty, Technology & IP Transactions partner Barry Fishley and associate Claudia Sousa, Dispute and Investigations associate Rhys Williams, and Real Estate counsel Laura Murray.