Global law firm Norton Rose Fulbright has advised specialist European financial services private equity firm AnaCap Financial Partners (AnaCap) on the sale of UK online insurance distributor Simply Business, to New York-based Aquiline Capital Partners.
Completion of the transaction is subject to the approval of the Financial Conduct Authority.
The exit comes just short of three years since AnaCap acquired Simply Business and will generate a return of 4.5 times its original investment.
The Norton Rose Fulbright team in London was led by partner Richard Bull and included senior associate, Andrew Houghton.
Norton Rose Fulbright has advised AnaCap on a number of transactions in recent years.
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