Slaughter and May is advising CVC Capital Partners on its acquisition of a stake in Pension Insurance Corporation Group Limited
Slaughter and May is advising CVC Capital Partners in connection with the purchase, by its Strategic Opportunities Platform, of the shares currently held by a number of investors in Pensions Insurance Corporation Group Limited, the ultimate parent company of Pension Insurance Corporation (“PIC”). The investment is conditional upon customary regulatory approvals.
PIC is a specialist insurer and leading provider of bulk annuities to UK corporate pension schemes, which have over £2,100 billion of pension liabilities. PIC has in excess of £20 billion in financial assets and secures the benefits of more than 130,000 individuals.