Oakley Capital’s Investment in Spanish Digital Insurance Brokers

Paul Hastings represented Oakley Capital, a leading Western Europe-focused private equity firm, on its agreement to form a joint venture with Admiral Group plc and Mapfre S.A. to combine Rastreator Comparador Correduría de Seguros S.L. (“Rastreator”), Asesor Seguros Online S.L. and Asesor Consumer Services S.L. Clifford Chance advised Admiral and Baker & McKenzie advised the sellers of Acierto.com.

Rastreator and Acierto.com are two of Spain’s most well-regarded digital brokers for insurance and other financial products.

The Paul Hastings team included corporate partner Anu Balasubramanian (Picture), senior corporate associate David Prowse and corporate associate Steven King alongside senior tax associate Jiten Tank. Paris partner Pierre Kirch and associates Joséphine Forquet and Anna-Lia Meyer advised on antitrust matters. Uría Menéndez, led by corporate partner Christian Hoedl and corporate associate Miguel Bolivar alongside tax partner Carlos Duran advised on the Spanish law aspects of the transaction.

Involved fees earner: Anu Balasubramanian – Paul Hastings; Joséphine Fourquet – Paul Hastings; Steven King – Paul Hastings; Pierre Kirch – Paul Hastings; Anna-Lia Meyer – Paul Hastings; David Prowse – Paul Hastings; Jiten Tank – Paul Hastings; Miguel Bolivar – Uría Menéndez; Carlos Durán Haeussler – Uría Menéndez; Christian Hoedl – Uría Menéndez;

Law Firms: Paul Hastings; Uría Menéndez;

Clients: Oakley Capital;