Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 30-08-2012 | Practice Area: | Corporate and M&A |
| Deal Title: | Lightyear Capital acquisition of Flagstone Reinsurance | Industry: | Nonlife Insurance |
| Description: |
Simpson Thacher is representing Lightyear Capital in connection with the acquisition of Flagstone Reinsurance Holdings Ltd. by Validus Holdings Ltd. Under the terms of the transaction, Flagstone shareholders will receive 0.1935 Validus voting common shares and $2.00 in cash for each Flagstone share. The transaction represents an aggregate equity value of $623.2 million. Funds associated with Lightyear Capital own 8.5% of the outstanding Flagstone shares and have entered into a voting agreement with Validus to vote in support of the transaction.
The Simpson Thacher team includes Caroline Gottschalk and Jim Cross (M&A).
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| Financial Center: | New York | Value: | 500.01-1000.00 |
| Advised Party: | Acquiror | Law Firm | Simpson Thacher |
| Target Company Jurisdiction: | United States | Acquiror Jurisdiction: | United States |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Carolina B Gottschalk |
