Legal Services
Milbank
Full Credential Description
Milbank LLP advised Correlation One Holdings Limited on the sale of Animal Friends Investments Ltd, which owns Animal Friends Insurance Ltd, a prominent UK-based pet insurance provider, to Pinnacle Pet Group (PPG), a leading pan-European pet insurance provider. The transaction was subject to customary closing , including regulatory approvals. Animal Friends, with over 400 employees and a 25-year history, specializes in affordable pet insurance and exceptional customer service, currently protecting more than 1,100,000 pets in the UK. The sale aims to enhance Animal Friends brand and , expanding its reach into new European markets as part of the PPG family. In addition to the sale, PPG and Correlation established a long-term partnership to foster growth and innovation in pet insurance. This partnership includes collaborations with various entities such as Waggel, a pet insurtech; Vet-AI, a veterinary telehealth provider; Biscuit, a rewards platform for pet owners; and Kozoo, a player in the French pet insurance market. Since its inception, Animal Friends has committed to charitable causes, donating over £7.8 million to more than 700 animal charities, supporting both large community campaigns and smaller projects. The Milbank team that facilitated this transaction included partners James McClymont, Jordan Simpson, and Paul Buchan, along with a specialized team addressing corporateMA, antitrust, and tax aspects of the deal.