Souter Investments
is one of the UK’s leading family investment offices specialising in private equity



Vintage: February 2010

Exit Date: March 2013

Sector: Financial Services

Location: Reigate

Type: MBO

Souter Role: Co-investor, Minority Stake

Souter Director: No

Status: Realised

One of the UK’s leading providers of motor and home insurance products through the esure and Sheilas’ Wheels brands, and also owns the price comparison website Gocompare. The company was established in 2000 by Peter Wood, founder of Direct Line, in a joint venture with Halifax plc.

In February 2010, Souter Investments, as part of a group led by Penta Capital, backed Peter Wood and his team to complete the MBO of esure from Lloyds Banking Group plc.

In March 2013, esure Group PLC successfully listed on the London Stock Exchange at a value of £1.2bn and is a member of the UK FTSE 250 index.