The demerger of Newport-headquartered price comparison website Gocompare.com from the esure Group has been named as Insider's November Deal of the Month. Gocompare was founded by Hayley Parsons in 2006. Insurance group esure completed its takeover of Gocompare in March 2015, acquiring the remaining 50 per cent stake in the business in a £95m deal. Following a strategic review of operations conducted earlier this year, the decision was made to demerge Gocompare from the group. It has now begun trading separately on the main market of the London Stock Exchange as Gocompare.com Group plc. Insider news editor David Casey said: "Both businesses will benefit from being able to focus on their distinct strategies, with Gocompare.com as a leading UK price and product comparison website and esure Group as a leading UK provider of motor and home insurance." Gocompare generated a pre-tax profit of £23.3m on revenue of £119m in its results for the year ended 31 December 2015.
The demerger of price comparison site services from insurance providers esure Group has been selected as Insider ’s November Deal of the Month . The esure took over Gocompare , which was founded in 2006 , in January 2015 with a £ 95 m acquisition of a 50 % stake in the business . After a strategic review , Gocompare will now trade separately on the London Stock Exchange as Gocompare.com Ltd . Insider news editor David Casey said that both companies would be able to focus on their individual strategies as a result of the move .