Bain Capital reaches agreement with Ageas to sell esure for GBP 1.295B

Bain Capital (BCSF) announced that it has reached an agreement with Ageas (AGESY) to sell esure. The proposed transaction is fully aligned with Ageas’s strategic priorities for M&A in Europe under Elevate27. “It increases Ageas’s European markets presence through the acquisition of a controlled entity, reinforces its positioning in the UK, generates shareholder value from the realization of synergies and enhances the cash generation of the Group,” the company said. Under the terms of the transaction, Ageas will pay Bain Capital a cash consideration of GBP 1.295 billion for esure. The completion of the transaction is expected to occur in 2H 2025 and remains subject to regulatory approvals.