Truist Insurance Holdings’ Acquisition of Kensington Vanguard

Sidley represented Stone Point Capital on the deal.

Stone Point Capital (Stone Point) announced its sale of Kensington Vanguard National Land Services, LLC (KV) to Truist Insurance Holdings, Inc. (Truist). KV, founded in 2002, is one of the largest full-service national title insurance and settlement agencies in the U.S. Truist, the sixth-largest insurance broker in the U.S. and seventh-largest in the world, is a subsidiary of Truist Financial Corporation (NYSE: TFC). Stone Point is a private equity firm investing in businesses within the global financial services industry.

The Sidley team was led by Private Equity partner Brien Wassner (Picture) and senior managing associate Jack Yamin. The team also included Riley Cox, Grant Ellis, and Daniel Schwartz (Corporate); Perry Shwachman, Andrew Holland, Stephanie Dobecki, Jeremy Carroll, and Cole Hunter (Insurance); Daniel Altman and Zuza Savoff (Tax); Mark Adler and Nicholas Prey (Global Finance); Joel Feinberg and Kerry Nilsen (Banking and Financial Services); Karen Kazmerzak and Jamie Sadler (Antitrust); and David Mollo-Christensen, Eric Wolf, and Amanda Casanueva (Employee Benefits and Executive Compensation).

Involved fees earner: Mark Adler – Sidley Austin LLP; Daniel Altman – Sidley Austin LLP; Jeremy Carroll – Sidley Austin LLP; Riley Cox – Sidley Austin LLP; David Mollo-Christensen – Sidley Austin LLP; Stephanie Dobecki – Sidley Austin LLP; Grant Ellis – Sidley Austin LLP; Joel Feinberg – Sidley Austin LLP; Andrew Holland – Sidley Austin LLP; Cole Hunter – Sidley Austin LLP; Karen Kazmerzak – Sidley Austin LLP; Kerry Nilsen – Sidley Austin LLP; Nicholas Prey – Sidley Austin LLP; Jamie Sadler – Sidley Austin LLP; Zuza Savoff – Sidley Austin LLP; Daniel Schwartz – Sidley Austin LLP; Perry Shwachman – Sidley Austin LLP; Brien Wassner – Sidley Austin LLP; Eric Wolf – Sidley Austin LLP; Jack Yamin – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Stone Point Capital LLC;

Martina Bellini

Author: Martina Bellini