Freshfields Bruckhaus Deringer (‘Freshfields’) has advised RVU, owners of Uswitch, Confused.com and Money.co.uk, on its acquisition of Tempcover from Connection Capital. RVU is jointly owned by US-based Red Ventures, Silver Lake, GIC and PSP Investments. Tempcover leads the way for temporary insurance solutions – it connects customers to short-term insurance policies, working with a panel of insurers and 85 corporate partners and brokers to bring flexible and affordable solutions to motorists – whether hourly cover or month-long policies.

Closing of the transaction is subject to regulatory approvals and customary closing conditions.

The Freshfields team is being led by corporate partner Patrick Ko and senior associate Andy Robinson.