esure

esure is the fifth largest motor insurer in the UK with over 1.6m motor and home policyholders. It was established in 2000 by Peter Wood, founder of Direct Line, in a joint venture with Halifax plc.

In February 2010 Penta Capital backed Peter Wood and his team to complete the MBO of esure from Lloyds Banking Group plc. Tosca Penta Investments LP, a new single deal fund managed by Penta Capital with a broad range of institutional investors, invested £190m in the all equity transaction which was valued in line with esures net asset value.

In March 2013 esure Group PLC successfully listed on the London Stock Exchange at a value of £1.2bn, generating a realised money multiple of over 3.3x.

Chairman

Peter Wood

CEO

Stuart Vann

Penta Executives:

David Calder, Charles Schrager