RPC takes lead role on RFIB sale to Calera
City-headquartered law firm RPC has taken a lead role acting for international Lloyd's insurance and reinsurance broker RFIB Holdings Limited (RFIB) on its sale to US-based private investment firm Calera Capital.
The deal, which is subject to shareholder, court and regulatory approval, will see RFIB management and employees retain a significant equity stake in the business.
The transaction is one of an increasing number of insurance broker deals that RPC's Corporate Insurance team has been involved in over the last few years.
The team at RPC was led by Corporate Insurance and Financial Services Head James Mee and included Senior Counsel Peter Hill, and Corporate Associate Jonathan Charwat. James and his team drew upon a number of other lawyers from across the firm, including tax, employment and pensions capabilities.
James commented: "This is an exciting transaction requiring a high level of commitment from many colleagues within the firm, from the team at Skadden, and from our respective clients. We are delighted to have acted on yet another high profile insurance broker transaction and to have helped our clients to achieve their commercial objectives."
Kevin Cunningham led the team at Fenchurch Advisory providing corporate finance advice.
Robert Stirling headed the team at Skadden, Arps, Slate, Meagher and Flom acting for Calera Capital.
A link to RFIB's press announcement is here.