Indes Capital acquires Inese from Wilmington Plc.
Livingstone’s Business Services team has advised on the sale of the Spanish company Inese, the leading provider of information, training and events services for the insurance sector in Spain, acting as exclusive advisor to its shareholder, the British listed company Wilmington plc.
Inese, with more than 100 years of history, is the leading provider of information for the insurance sector with flagship publications such as Actualidad Aseguradora or BDS, as well as the most recognized annual event in the sector, La Semana del Seguro. The company also offers training courses and seminars focused on the insurance sector. Inese was a subsidiary of Wilmington plc, a listed British group that provides high quality information & data with a complementary range of training & education solutions.
Indes Capital is an investment vehicle that provides active involvement in its portfolio companies. With this transaction, Inese joins the Indes Capital portfolio.
Richard Shamsi, COO of Wilmington plc commented: “This divestment is in line with our strategic plan and is a further milestone on Wilmington’s roadmap. We wish Inese great success in this new stage. We are very grateful to the Livingstone team for their advice and constant work throughout the long process.”
Susana Pérez, CEO of Inese said: “It has been a pleasure to be part of Wilmington plc for all these years and we are now very excited about this new stage for Inese. The work of the Livingstone team has been essential for the transaction and we would strongly recommend them as advisors.”
Neil Collen, Partner at Livingstone, added: “It has been a pleasure to have assisted Wilmington and Inese in the successful completion of the transaction with Indes Capital. Working with Richard, Susana and their teams, as well as Osborne Clarke as legal advisors, has been a pleasure and we wish them the best of success in this new stage.”
This transaction adds to the list of transactions that Livingstone has successfully completed in the Business Services sector, including the recent sales of Vilma Oil to BW LPG, Copimur/Novac to Solitium Group and Kobia to Leipurin, the third of which was completed by Livingstone’s Swedish team.
