Eight firms lead $1.4bn Dutch PE deal

October 27, 2010 Eight law firms have taken roles advising on a $1.4 billion deal for the acquisition of Dutch insurance company Brit Insurance Holdings by private equity giants Apollo Global Management and CVC Capital Partners.

Sullivan & Cromwell is advising the private equity consortium with a team that includes corporate partners Tim Emmerson, Benjamin Perry, Richard Morrissey, and Vanessa Blackmore, tax partners Michael McGowan and David Spitzer, finance partner Neal McKnight, EU antitrust partner Juan Rodriguez, and litigation partner Theodore Edelman.

The private equity consortium is also receiving advice from Clifford Chance M&A partners Kem Ihenacho and Patrick Sarch, and Nauta Dutilh, a Dutch firm providing local counsel.

Brit Insurance is being advised on the deal by British firm Macfarlanes – who have put together a team ;ed by corporate partners Graham Gibb and Charles Martin – and Paul, Weiss, Rifkind, Wharton & Garrison corporate partner David Lakhdhir. Dutch counsel is provided by De Brauw Blackstone Westbroek.

Ashurst is advising Bank of America/Merrill Lynch, financial adviser to Achilles Netherlands Holdings B.V., a newly incorporated company set up by the private equity consortium to take control of Brit Insurance. The Ashurst team is led by corporate partner Adrian Clark and finance partner Mark Vickers.

Linklaters has been tapped to act as counsel to a syndicate of banks providing financing for the deal.

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