Equity Investment by Goldman Sachs Merchant Banking Division – Hastings Insurance Group

Peel Hunt acted as joint financial adviser to Hastings Insurance Group (“Hastings”) in respect of an equity investment by Goldman Sachs Merchant Banking Division (“GSMBD”) whereby GSMBD will acquire 50% of the voting share capital in Hastings.

The transaction, which remains subject to regulatory approval, implies a net enterprise value for Hastings of approximately £700 m.