Morgan Stanley has assisted Societe Generale in accumulating a stake in esure , ahead of the company being sold to BP ( France ) Bidco . A wholly owned subsidiary of funds advised by Bain Capital Private Equity, LP and its affiliates, Bidco is acquiring the entire issued and to be issued share capital of the Surrey-headquartered insurer. Societe General , which reported its position above the 5 % holding threshold in the company last week , announced its stake has now increased to 7.88 % from 5.81 % , while Morgan Stanley reported increasing its holding from less than 3 % to 5.79 % .
Morgan Stanley has assisted Societe Generale in accumulating a stake in esure , ahead of the company being sold to BP ( France ) Bidco . Societe General , which reported its position above the 5 % holding threshold in the company last week , announced its stake has now increased to 7.88 % from 5.81 % , while Morgan Stanley reported increasing its holding from less than 3 % to 5.79 % .