Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 13-10-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | White Mountains Insurance Majority Investment in TRANZACT | Industry: | Nonlife Insurance |
| Description: |
On October 13, 2014, TRANZACT and White Mountains Insurance Group, Ltd. announced that White Mountains has made a majority investment in TRANZACT, a leading provider of end-to-end customer acquisition solutions to the insurance sector. White Mountains acquired approximately 63% of TRANZACT for a purchase price of USD178 million, representing an enterprise value of approximately USD280 million. Cravath represented White Mountains in this transaction.
The Cravath team was led by partners Ting S. Chen and Philip A. Gelston and included associates Wesley C. Bell and Brendan M. Cottington.
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| Financial Center: | New York | Value: | 100.01-500.00 |
| Advised Party: | Acquiror | Law Firm | Cravath |
| Target Company Jurisdiction: | United States | Acquiror Jurisdiction: | United States |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Ting S Chen |
