Brown & Brown’s Acquisition of Orchid Insurance

Sidley advised TowerBrook Capital Partners L.P. on the deal.

TowerBrook Capital Partners L.P. (TowerBrook) announced the sale of its portfolio company, Orchid Underwriters Agency, LLC (Orchid Insurance), to Brown & Brown, Inc. TowerBrook is a purpose-driven, transatlantic investment firm that works to grow and improve large and middle-market companies and has raised a total of US$18.7 billion since its inception. Orchid Insurance is the largest personal lines E&S managing general underwriter, providing specialty homeowners insurance for coastal risks in the Gulf, Southeast, and Mid-Atlantic states. Brown & Brown, Inc. is the fifth largest independent insurance brokerage in the nation.

The Sidley team was led by private equity partners Brien Wassner (Picture) and Ian Helmuth and M&A managing associate Will Schoenfeld. Additional team members included Reed Kreger and George Krug (Corporate); Stephanie Dobecki, Christophe Burusco, and Scott Goldstein (Insurance); Jennifer Coplan and E. Kyle Barnett (Technology and Life Sciences Transactions); Eric Wolf and P.C. Wang (Employee Benefits and Executive Compensation); Edward Sharon (Antitrust); and Christian Brause and Andy Lau (Tax).

Involved fees earner: Kyle Barnett – Sidley Austin LLP; Christian Brause – Sidley Austin LLP; Christophe Burusco – Sidley Austin LLP; Jennifer Coplan – Sidley Austin LLP; Stephanie Dobecki – Sidley Austin LLP; Scott Goldstein – Sidley Austin LLP; Ian Helmuth – Sidley Austin LLP; Reed Kreger – Sidley Austin LLP; George Krug – Sidley Austin LLP; Andy Lau – Sidley Austin LLP; William Schoenfeld – Sidley Austin LLP; Edward Sharon – Sidley Austin LLP; P.C. Wang – Sidley Austin LLP; Brien Wassner – Sidley Austin LLP; Eric Wolf – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: TowerBrook Capital Partners L.P.;

Martina Bellini

Author: Martina Bellini