01 Nov 2013 | 09:39 am |
International law firm Pinsent Masons has advised Global Risk Partners on its maiden acquisition and investment by private equity house, Penta Capital.
GRP has been set up by David Margrett, former Willis CEO, and Towergate founder Peter Cullum as a broker consolidation vehicle in the London market.
It has acquired Towergate Underwriting’s commercial property business for £9.25 million. Together with Penta’s investment, GRP has an investment fund of £55million for future deals.
The Pinsent Masons team was led by corporate partner Sean Page, assisted by Kevin O’Connor and Danielle Murphy.
Page commented "We are delighted to have advised the team at GRP on these deals which continue our strong track record of advising entrepreneurs and institutions in the insurance sector. Activity levels in the insurance sector, in particular M&A, appear to be on an up-turn and we continue to talk to clients about strategic opportunities in the London market".
Page recently also led on the disposal of Direct Line’s life insurance business to Chesnara and AXA’s disposal of Bluefin Personal Consulting to Towry.
Multinational law firm Pinsent Masons has advised Dublin-headquartered private equity firm Erisbeg on the agreement to acquire the entire issued share capital of PageOne Communications from the Capita Group.
Multinational law firm Pinsent Masons has advised Breedon Group on the acquisition of Robinson Quarry Masters, a Northern Ireland based family-run quarrying and concrete block business.
Multinational law firm Pinsent Masons has advised Regenerate Asset Management in the launch of the Regenerate European Sustainable Agriculture Fund.
Multinational law firm Pinsent Masons has advised Regenerate Asset Management in the launch of the Regenerate European Sustainable Agriculture Fund.
Multinational law firm Pinsent Masons has hired litigation lawyer Lisa Carty as a partner to lead its Litigation Regulatory and Tax offering in Dublin, expanding its dispute resolutions capabilities with a financial services specialism.
Multinational law firm Pinsent Masons has promoted 25 to its partnership, boosting its sector-focused professional services capabilities.
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