IFLR1000

Assurant $1.9 billion acquisition of Warranty Group

18/10/2017
Private acquisition
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$ 1.9 billion

Announced

18/10/2017

Overview:

  • Assurant has acquired Warranty Group for $1.9 billion.
  • The Warranty Group is a portfolio company of private equity firm TPG Capital. 
  • Morgan Stanley acted as financial advisor to Assurant.
  • UBS Investment Bank provided financial advice to Warranty Group.
  • The transaction is expected to close in the first half of 2018. 

 Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Financial services

Firms:
Skadden Arps Slate Meagher & Flom

Party: Warranty Group (Target)

Lawyers: Dwight Yoo, Jon Hlafter

Weil Gotshal & Manges

Party: Morgan Stanley (Financiers)

Lawyers: Corey Chivers, Raymond Gietz

Willkie Farr & Gallagher

Party: Assurant (Acquirer)

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