M&A Deal Summary

Epiris, Penta Capital and Maven Capital Partners Acquire esure

On February 1, 2010, private equity firm Epiris, private equity firm Penta Capital and asset manager Maven Capital Partners acquired insurance company esure

Acquisition Highlights
  • This is Epiris’ 1st, Penta Capital’s 1st and Maven Capital Partners’ 1st transaction in the Insurance sector.
  • This is Epiris’ 30th, Penta Capital’s 14th and Maven Capital Partners’ 26th transaction in the United Kingdom.
Investment Fate
  • esure went public in 2013.
  • esure was sold to a consortium of financial buyers in 2018 for 1.6B USD.
  • esure was sold to a publicly-traded strategic buyer in 2025 for 1.3B GBP.

M&A Deal Summary

Date 2010-02-01
Target esure
Sector Insurance
Buyer(s) Epiris
Penta Capital
Maven Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

esure

Reigate, United Kingdom
esure is a motor insurer offering car, home, pet and travel insurance over the internet and by phone through the esure and Sheilas’ Wheels brands. esure was founded in 2000 and is based Reigate, United Kingdom.

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Buyer(S) 3

Buyer

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 41 of 73
Sector: Insurance M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 30
Country: United Kingdom M&A 30 of 61
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 Credit Opportunities

United Kingdom

Credit Opportunities is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-08 LondonMetric Property

London, United Kingdom

LondonMetric Property is a property investment and development company provides commercial properties services. LondonMetric Property is based in London, United Kingdom.

Sell -
Buyer

Penta Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Penta Capital is a mid-market private equity firm that concentrates on later-stage investment opportunities throughout the UK and Ireland. Penta looks to invest between £5 and £200 million. Sectors of interest include leisure, consumer products/services, and business services. The Firm generally looks to support growth capital needs, as well as management buyouts/buy-ins. Penta Capital was formed in 1999 and maintains offices in London and Glasgow.


DEAL STATS #
Overall 16 of 29
Sector: Insurance M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 18
Country: United Kingdom M&A 14 of 27
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Argentis Financial Group

Canterbury, United Kingdom

Argentis Financial Group Ltd. is a financial planning and employee benefits consultant that provides benefit and wealth management services to private and corporate clients throughout the United Kingdom. They specialize in corporate employee benefits consulting and individual wealth management services, including investment solutions, executive pensions, estate planning, insurance protection and retirement planning.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-18 SpiriTel

London, United Kingdom

SpiriTel Plc provides services to telecom carriers, initially in the high value area of land to mobile termination (calls from land lines to mobile networks).

Sell £27M
Buyer

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 760M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £20 million in businesses valued from £10 - £40 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


DEAL STATS #
Overall 26 of 221
Sector: Insurance M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 32
Country: United Kingdom M&A 26 of 218
Year: 2010 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-13 Deritend Industries

West Midlands, United Kingdom

Deritend is a specialist maintenance support company offering repair, replacement and ongoing maintenance services for the majority of electro-mechanical equipment in commercial use.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-30 XPD8 Solutions

Aberdeen, United Kingdom

XPD8 Solutions Ltd. is a provider of oil and gas consultancy services.

Buy -