Travers Smith LLP has advised its long-standing client, Bridgepoint Development Capital (BDC), on a minority growth capital investment in Reassured, one of the UK’s biggest life insurance brokers specialising in finding people life insurance cover.
Reassured was founded in 2009 and has offices in Manchester, Basingstoke, Southampton and Portsmouth. The transaction will support the future growth of Reassured and the development of its new products, with a particular focus on the investment in technology to improve its scalability and optimise efficiency of the business.
The Travers Smith team was led by Private Equity and Financial Sponsors Partners George Weavil and Ian Shawyer, who were supported by Associates Becky Dove and Rachel Taggart. Finance advice was provided by Head of Finance Matt Ayre and Senior Associate Fiona Swords. Tax Partner Jessica Kemp and Associate Georgina Jones advised on the tax-related aspects of the transaction, while Financial Services & Markets Partner Phil Bartram and Associate James Barnard provided financial regulatory advice to BDC.