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Oakley Capital Invests in Spanish Digital Insurance Brokers

May 01, 2019

London – Paul Hastings LLP, a leading global law firm, announced today that the firm has 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. (together “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, 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.

Clifford Chance advised Admiral and Baker & McKenzie advised the sellers of Acierto.com.

This is Paul Hastings’ third transaction for Oakley Capital in 2019, following the acquisitions of Mystic and Ekon earlier this year.

Since April 2018, the London office of Paul Hastings has advised private equity sponsors on more than 10 closed deals, with a total transaction value in excess of €6 billion.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.