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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

, senior corporate associate  and corporate associate  alongside senior tax associate . Paris partner  and associates  and  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

 and  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.

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