Bain Capital completed the £1.2bn acquisition Esure Group.

Blue (BC) Bidco, a wholly-owned subsidiary of Bain Capital, a private equity firm, completed the acquisition of Esure Group, a provider of general insurance products, for £1.2bn. Following the acquisition Esure Group was taken private and was delisted from the London Stock Exchange on December 19, 2018. Bidco believes that esure represents an excellent underwriting franchise, with an established position in the UK motor and home insurance markets and particular strength in Price Comparison Website orientated distribution. "We are committed to investing capital in the best technology for esure and believe that this, combined with our experience of growing highly regulated, complex financial services businesses can help esure thrive. We look forward to partnering with esure’s management team to accelerate its growth.”Luca Bassi, Bain Capital Managing Director.