15 May 2012 | 01:42 pm |
International law firm Pinsent Masons has advised AEGON, Aviva, Clerical Medical, Friends Life, Prudential and Scottish Widows (the “Shareholders”) on the sale of their shareholdings in the quotation portal Assureweb to American technology firm iPipeline.
Assureweb is a leading financial services technology company, created with the aim of bringing about efficiencies through its technology solutions. Working closely with financial product providers, Assureweb makes financial products available to advisers and consumers, allowing them to quote and apply. iPipeline, based in Exton, Pennsylvania, provides software to the insurance and financial services markets.
The Shareholders have, through their investment, supported Assureweb in its growth to date and the sale to iPipeline marks the next phase in its development.
The Pinsent Masons team advising the Shareholders was led by Corporate Partner Andrew Kerr and Corporate Senior Associate Shiv Sibal with support from Tax Partner John Christian.
Shiv Sibal commented: “Assureweb has grown with the support of the Shareholders and is well placed to maintain its position as a leader in financial services technology solutions. We are delighted to have supported the Shareholders in their transfer of the stewardship of the business to iPipeline, whose complementary products and experience will allow Assureweb to continue its ascent.”
Key Contacts
Multinational law firm Pinsent Masons through its Dublin office Pinsent Masons Ireland LLP has advised the founders of Skillko, Dermot O’Connor and Brendan Moloney, on its sale to US buyer HSI.
Multinational law firm Pinsent Masons has advised KGI Bank Co., Ltd, Taishin International Bank Co., Ltd and O-Bank Limited on the above A$100 million funding of the construction of a warehouse and distribution facility in Sydney’s western suburbs.
Pinsent Masons has advised Techem Group on its acquisition from investors TPG and GIC for a total consideration of €6.7bn.
Multinational law firm Pinsent Masons through its Dublin office Pinsent Masons Ireland LLP has advised the founders of Skillko, Dermot O’Connor and Brendan Moloney, on its sale to US buyer HSI.
Multinational law firm Pinsent Masons has advised KGI Bank Co., Ltd, Taishin International Bank Co., Ltd and O-Bank Limited on the above A$100 million funding of the construction of a warehouse and distribution facility in Sydney’s western suburbs.
Pinsent Masons has advised Techem Group on its acquisition from investors TPG and GIC for a total consideration of €6.7bn.
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