Allens, alongside global alliance partner Linklaters, has advised AUB Group on its proposed $880 million acquisition of UK-based insurance broker, Tysers, and associated $350 million entitlement offer.
Allens’ Banking & Finance team assisted with the establishment of a new $675 million multi-currency debt facility in connection with the transaction.
‘We congratulate AUB on this milestone acquisition, which marks an important step in AUB’s expansion into the Lloyd’s and London market,’ said lead Partner Vijay Cugati.
‘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,’ said Partner-Elect Adrian Amer.
The final stage of AUB’s successful entitlement offer completed last week.
