Slaughter and May is advising Markerstudy on combination with Ardonagh

Slaughter and May advised the Markerstudy Group (“Markerstudy”), a portfolio company of Pollen Street Capital, on its merger with the Atlanta Group (“Atlanta”), Ardonagh’s personal lines broking business, to create a major new player in the UK insurance market.

The combined business will provide a wide range of insurance products to millions of consumers, including home and motor insurance, and will employ around 7,300 people across the UK. It will transact over £3 billion in annual Gross Written Premium (GWP).

The transaction, which is subject to customary conditions (including regulatory approvals), values Atlanta at £1.2 billion and will be funded by a new investment led by Pollen Street Capital and Bain Capital Special Situations. Ardonagh and its related parties will receive a combination of cash and a substantial minority equity stake in the combined business, in addition to two seats on the board of directors of the combined business.

Key Atlanta executives including Ian Donaldson, Craig Ball and Emma Rawlinson will join the Markerstudy management team as senior executives of the combined group.

Private Equity/M&A
Guy O'Keefe Partner
Oliver Gratton Associate
Nick Johnston Associate
Ed Horner Associate
Robert Longman Associate
Sam Dimopoulos Associate
Jack Hull Associate
Iain Meiklejohn Associate
Kate Merry Associate
Miles Mason Associate
Claire Cooke Partner
James Costi Senior Counsel
Kieran Turton Associate
Nathan Adler Associate
Liam Reynolds Associate
Gareth Miles Partner
Charles Osborne Partner
Gabrielle Pereira Associate
Nicholas Tubbs Associate
Financial Regulation
Jan Putnis Partner
Ben Goldstein Associate
David Verghese Associate
Jessica Staples Senior Counsel
Lauren Phare Associate
Jennifer Wardley Associate
Amelia Wrigley Associate
Duncan Blaikie Partner
Reinhardt Biermann Associate
Will Morris Associate
Pensions, employment and incentives
Phil Linnard Partner
Matthew Ward Associate