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Allens advises AUB Group on $880m acquisition
Allens, in association with its global alliance partner Linklaters, has advised AUB Group on an $880 million acquisition of Tysers, a UK insurance broker. Along with the acquisition, AUB proposed an associated $350 million entitlement offer to Tysers.
Adrian Suljanovic
Firm: Allens and Linklaters (AUB Group)
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Deal: AUB Group has acquired UK-based insurance broker Tysers.
Value: $880 million and a $350 million entitlement offer
Area: M&A
Key players: The Allens legal team was led by Vijay Cugati, partner-elect Adrian Amer, senior associate Addison Ma, associates Amina Karcic and William Brown and lawyer Rachael Short.
Deal significance: This deal signifies an important milestone for AUB’s expansion into the Lloyd’s and London market.
In connection with the transaction, the Allens team also assisted with the establishment of a new $675 million multi-currency debt facility.
Lead partner Vijay Cugati (who led the legal team) congratulated AUB on their “milestone” acquisition as they embarked into the London and Lloyd’s market.
Partner-elect Adrian Amer added: “We were pleased to be able to work alongside our alliance firm, Linklaters, to seamlessly advise across jurisdictions on all aspects of this significant deal.”
