Slaughter and May is advising esure Group plc (esure) and Gocompare.com Group plc (Gocompare.com) in relation to esure’s intention to pursue a demerger of Gocompare.com through a separate listing on the main market of the London Stock Exchange (Demerger). Gocompare.com operates a leading UK price comparison website, www.gocompare.com, which attracts approximately 5 million visits every month.
The Demerger is a Class 1 transaction for esure and is conditional, inter alia, upon the approval of esure Shareholders at a general meeting to be held on 1 November 2016.
Slaughter and May is working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, who are advising esure and Gocompare.com in relation to the US law aspects of the Demerger.
Slaughter and May has also advised Gocompare.com on a new £85m syndicated facilities agreement.