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 the financiers (Japan Bank for International Cooperation, Mizuho Bank and Al Rajhi Banking and Investment Corporation) on the project financing provided to a consortium led by Marubeni Corporation in joint venture with Al Jomaih Energy & Water Company Limited of the 300MW solar power plant to be built and operated in Rabigh, Saudi Arabia.
Multinational law firm Pinsent Masons has appointed transport and infrastructure expert Miguel Nieto, as Finance and Projects partner in Madrid where he will focus on the growing transport and mobility market.
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Multinational law firm Pinsent Masons has advised global fund administrator Sanne Group on the first specialised depositary licence to be granted by the Central Bank of Ireland, further enhancing Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.
Multinational law firm Pinsent Masons has advised on a new £15m homelessness social investment property fund to help meet increasing demand to house rough sleepers in London.
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