Willis Towers Watson’s $1.4 Billion Acquisition Of TRANZACT

Weil is advising Willis Towers Watson in its pending up to $1.4 billion acquisition of TRANZACT.

Willis Towers Watson is a global advisory, broking and solutions company and TRANZACT is a direct-to-consumer health care organization that links individuals to U.S. insurance carriers. TRANZACT will operate as an integral part of Willis Towers Watson’s Benefits Delivery and Administration business, which focuses on the development and delivery of administrative solutions for employers, employees and retirees. The total purchase price is $1.2 billion in closing consideration, with an additional potential earn-out of up to $200 million payable in either cash or stock in 2021 if certain financial targets are achieved. The transaction is expected to close in the third quarter of 2019 and is subject to customary closing conditions and regulatory review and approvals.

Weil previously advised Willis Group Holdings in its $18 billion merger with Towers Watson & Co. in 2015.

The Weil team is led by Mergers & Acquisitions partner Michael Aiello (Picture) and includes Mergers & Acquisitions partner Jackie Cohen and Mergers & Acquisitions associates Rachel Shapiro, Rob Cohen, Joseph Godio, Alex Chelesnik and Michael Chenkin. The team also includes Co-Chair of Tax Joe Pari and Tax partner Devon Bodoh; Head of Executive Compensation & Benefits Paul Wessel; Structured Finance & Derivatives partner Shawn Kodes; Technology & IP Transactions Head Michael Epstein; Banking & Finance partner Courtney Marcus; Real Estate partner David Herman; Regulatory partner Ted Posner; Antitrust/Competition partner Jeffrey Perry; Labor and Employment partner Nicholas Pappas; Co-Head of Cybersecurity, Data Privacy & Information Management Randi Singer; Insurance counsel Gabriel Gershowitz and Thomas Goslin; Antitrust/Competition counsel Vadim Brusser; Tax associates Eric Remijan, Soo Jin Kim and Sidney Chiang; Executive Compensation & Benefits associates Akansha Mishra and Lauren Sawyer (Not Yet Admitted in New York); Structured Finance & Derivatives associate Matthew Nemeth; Technology & IP Transactions associate Maryann Thompson; Banking & Finance associates Vynessa Nemunaitis and Veronica Bonhamgregory; Real Estate associate Joseph Sadon; Antitrust/Competition associate Natalie Hayes; Employment Litigation associate Justin DiGennar; and Cybersecurity, Data Privacy & Information Management associate Elisabeth Sperle.

Involved fees earner: Michael Aiello – Weil, Gotshal & Manges; Devon Bodoh – Weil, Gotshal & Manges; Vadim Brusser – Weil, Gotshal & Manges; Alex Garcia Chelesnik – Weil, Gotshal & Manges; Michael Chenkin – Weil, Gotshal & Manges; Sidney Chiang – Weil, Gotshal & Manges; Jackie Cohen – Weil, Gotshal & Manges; Rob Cohen – Weil, Gotshal & Manges; Michael Epstein – Weil, Gotshal & Manges; Gabriel Gershowitz – Weil, Gotshal & Manges; Joseph Godio – Weil, Gotshal & Manges; Thomas Goslin – Weil, Gotshal & Manges; David Herman – Weil, Gotshal & Manges; Soo Jin Kim – Weil, Gotshal & Manges; Shawn Kodes – Weil, Gotshal & Manges; Courtney Marcus – Weil, Gotshal & Manges; Akansha Mishra – Weil, Gotshal & Manges; Nicholas Pappas – Weil, Gotshal & Manges; Joe Pari – Weil, Gotshal & Manges; Jeffrey Perry – Weil, Gotshal & Manges; Ted Posner – Weil, Gotshal & Manges; Eric Remijan – Weil, Gotshal & Manges; Rachel Shapiro – Weil, Gotshal & Manges; Randi Singer – Weil, Gotshal & Manges; Paul Wessel – Weil, Gotshal & Manges;

Law Firms: Weil, Gotshal & Manges;

Clients: Willis Towers Watson Securities;


Author: Ambrogio Visconti