Slaughter and May advised GoCo Group plc on the deal, while Ashurst advised Goldman Sachs and Numis Securities.
The acquisition was announced on 25 November 2020.
Under the terms of the acquisition, each GoCo Group shareholder will be entitled to receive 0.052497 Future shares and 33p in cash for each GoCo Group share. The acquisition values the entire issued and to be issued share capital of GoCo Group at approximately £594 million on a fully diluted basis and is expected to complete in the first quarter of 2021, subject to receipt of certain shareholder and financial regulatory approvals.
Since its demerger from esure Group plc in 2016, GoCo Group has successfully developed from a UK price comparison website, into a technology-led business operating multiple leading brands focused on innovation and disruption with the common mission to help consumers save time and money, sustainably.
Slaughter and May is supporting GoCo Group’s General Counsel & Company Secretary, Nick Edwards. The team included John Papanichola (Picture), Partner, Robert Innes, Partner, Oliver Broomfield, Associate, Thomas Whitney, Associate, Edward Rochford, Associate, Emily Costello, Trainee, Alexandra Cameron, Trainee, Nick Bonsall, Partner, David Kasal, Associate, Phil Linnard, Partner, Ian Brown, Senior Counsel, Ellie Wilson, Associate, Matthew Tobin, Partner, Philippe Chappatte, Partner, Shweta Vasani, Associate, Gareth Miles, Partner and Kyle O’Sullivan Associate.
The Ashurst team is being led by partners Nicholas Holmes, Tim Rennie and Tom Mercer, assisted by senior associates Rodrigo Romero-Hidalgo, Marianna Kennedy, Louise Chan and Kirsty MacKay, associates Demi Pham, Kseniia Samokhina and Mike Gorski.
Involved fees earner: Louise Chan – Ashurst; Nicholas Holmes – Ashurst; Marianna Kennedy – Ashurst; Tom Mercer – Ashurst; Demi Pham – Ashurst; Tim Rennie – Ashurst; Rodrigo Romero Hidalgo – Ashurst; Nick Bonsall – Slaughter and May; Oliver Broomfield – Slaughter and May; Ian Brown – Slaughter and May; Philippe Chappatte – Slaughter and May; Robert Innes – Slaughter and May; David Kasal – Slaughter and May; Phil Linnard – Slaughter and May; Gareth Miles – Slaughter and May; Kyle O’Sullivan – Slaughter and May; John Papanichola – Slaughter and May; Edward Rochford – Slaughter and May; Matthew Tobin – Slaughter and May; Shweta Vasani – Slaughter and May; Thomas Whitney – Slaughter and May; Ellie Wilson – Slaughter and May;