Silver Lake-backed ZPG completed the acquisition of Penguin Portals from Admiral Group for £508m.

Silver Lake-backed Zoopla Property Group, which owns several popular real estate and comparison sites, completed the acquisition of Penguin Portals, an operator of online comparison portals, from Admiral Group, the one of the largest car insurance providers in the UK for £508m ($678m). "This is a win for our brands, our teams and most importantly our customers, bringing together best in class sector experience in home services and insurance. We now have the opportunity to empower millions more consumers to find the right deal for their needs, across the UK, Europe and beyond. With world class expertise and a strong shared vision, I'm incredibly excited to see the opportunities that we can create together," Tariq Syed, RVU CEO.