HgCapital-backed A-Plan buys Endsleigh from Zurich

The company will continue to operate as a separate entity under its existing management team.

Endsleigh was originally founded by the National Union of Students (NUS) and focuses on selling car, home and travel insurance to students and graduates.

HgCapital acquired A-Plan for an enterprise value of around £300m in December 2014. The GP secured a £170m refinancing for the company in June 2017, repaying original debt and taking out a dividend of undisclosed size. 

Company
Endsleigh is a Cheltenham-based insurance broker specialising in the student and graduate markets. It was founded by NUS in 1965 and was sold to Gouda Insurance International in 1976. Zurich acquired Gouda and with it Endsleigh in 2002. The company employs 1,000 people and generated pre-tax profit of £2.5m from £39m of sales in 2016.

People
A-Plan – Carl Shuker (CEO).
Zurich – Tulsi Naidu (CEO).
Endsleigh – Jeff Brinley (CEO).

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