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. Corporate: John Papanichola (partner), Robert Innes (partner), Adrian Amer (associate), Alyce Ricciardi (associate), Julian Ried (associate), Carla Edney (associate), Kesten Laverty (trainee); Financing: Matthew Tobin (partner), Oliver Storey (partner), Hiba Siddique (associate); Competition: Phillippe Chappatte (partner), Tim Blanchard (associate); Tax: Gareth Miles (partner), Charles Osborne (associate); Financial Regulation: Nick Bonsall (partner), Jonny Medland (associate); Employment and Employee Benefits: Jonathan Fenn (partner), Sarah McFetridge (associate);
Law firm, Slaughter and May, is advising esure on its plans to pursue a demerger of comparison website, Gocompare.com, through a separate listing on the London Stock Exchange. The demerger is a Class 1 transaction requiring the approval of esure shareholders at a meeting to be held on 1 November. Slaughter and May has also advised Gocompare.com on a new £85m syndicated facilities agreement.