Kaye Scholer Advises Founder Shareholders in Connection with Hastings IPO
New Listing Values Company at £1.1 Billion
Kaye Scholer’s London office has advised the founder shareholders in Hastings Group, one of Europe’s fastest growing insurance businesses, in connection with an initial public offering that valued the company at £1.1 billion.
The Kaye Scholer team advising the founder shareholders included relationship partner Andrew Harris and lead Corporate partner David Gerber, assisted by associate Amy Utley.
In 2013, Kaye Scholer had previously advised the Hastings founder shareholders on the sale of a 50 percent stake to Goldman Sachs’ private equity arm.
Neil Utley, former chairman and a founding shareholder of Hastings, commented: “Once again, the team at Kaye Scholer impressed with their expertise, responsiveness and commercial approach. We have certainly benefited from their guidance and counsel on this transaction and on the original sell down to Goldman.”