Just Group has announced it has acquired a 75% shareholding in the holding company of Corinthian Pension Consulting Limited. Corinthian Pension Consulting specialises in providing professional advisory services to DB pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The acquisition of Corinthian Pension Consulting adds additional capabilities to the group, which focus on delivering corporate solutions to employee benefit consultants, financial advisers, pension schemes, other UK businesses and to their members, customers and clients. Find out more.
esure has been sold to Blue (BC) Bidco Limited, a wholly owned subsidiary of funds managed by Bain Capital Private Equity (Europe). With the £1.2 billion acquisition, esure shareholders – including chair Sir Peter Wood – will be entitled to receive 280 pence in cash for each share held. That’s about 37% higher than the closing price of 204 pence on August 10. Wood, according to the BBC, will make £360 million from the sale 50 million of which he will reinvest into the insurer he founded in 2000. Read more.
On the dot, the machine learning-driven last mile delivery specialist which is part of the UK-wide, Redhill HQ'd CitySprint Group, has received an additional investment of £8m from its private equity-backed parent company. On the dot's roster counts more than 100 customers including ASOS, Currys PC World, Dixons and Wickes. In June, the start-up's platform passed the 500,000 deliveries milestone. Read more
