AUB Group’s $615.2 Million Acquisition of Tysers

Allens, working alongside Linklaters, advised AUB Group on the acquisition of Tysers. Debevoise & Plimpton has advised certain holders of second lien term loans issued by Integro Parent Inc., part of Tysers Insurance Brokers, Ltd.

Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million) from private equity firm Odyssey Investment Partners.

The deal is expected to close in the first quarter of 2023, subject to regulatory approval.

Integro Parent operates as an insurance brokerage and risk management firm.

Tysers is a leading Lloyd’s broker with access to Lloyd’s of London and many of the specialist company insurance markets trading out of London.

AUB Group is an ASX200 listed group comprising insurance brokers and underwriting agencies operating in more than 500 locations across Australia and New Zealand.

The Allens’ team was led by Partner Vijay Cugati (Picture), assisted by Adrian Amer (Partner-Elect), Addison Ma (Senior Associate), Amina Karcic (Associate), William Brown (Associate), Rachael Short (Lawyer) (M&A); Jo Folan (Partner), Michelle Teng (Finance Counsel) (Banking and Finance), Felicity McMahon (Partner), Kendy Ding (Associate), and Bella Cameron (Lawyer) (Competition). 

The Debevoise team was led by finance partner Ryan Rafferty and restructuring partner Sidney Levinson and included finance partner Alan Davies and associates Jonathon Yeung and Alexandra Grossman, restructuring associate Michael Godbe, M&A partner Kevin Schmidt and associate Dominic Blaxill, tax partner Peter Furci and associate Lillian Jo Aston and financial institutions counsel Emilie Hsu.

Involved fees earner: Adrian Amer – Allens; William Brown – Allens; Bella Cameron – Allens; Vijay Cugati – Allens; Kendy Ding – Allens; Jo Folan – Allens; Amina Karcic – Allens; Addison Ma – Allens; Felicity McMahon – Allens; Rachael Short – Allens; Michelle Teng – Allens; Dominic Blaxill – Debevoise & Plimpton; Alan Davies – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Michael Godbe – Debevoise & Plimpton; Alexandra Grossman – Debevoise & Plimpton; Emilie Hsu – Debevoise & Plimpton; Lillian Jo Aston – Debevoise & Plimpton; Sidney Levinson – Debevoise & Plimpton; Ryan Rafferty – Debevoise & Plimpton; Kevin Schmidt – Debevoise & Plimpton; Jonathon Yeung – Debevoise & Plimpton;

Law Firms: Allens; Debevoise & Plimpton;

Clients: AUB Group; Integro Parent Inc. – Holders of Loans;