Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
Stone Point Capital Leads Acquisition of Remaining Stake in Truist Insurance in $15.5 Billion Deal
- Client News
- February 20, 2024
Paul, Weiss is serving as debt financing counsel to Stone Point Capital as a lead investor in the all-cash acquisition of the remaining stake in Truist Insurance Holdings, Inc., a subsidiary of Truist and the nation’s fifth-largest insurance brokerage, in a deal valuing the company at $15.5 billion.
Under the terms of the transaction, Truist will sell its remaining stake to an investor group led by Stone Point and Clayton, Dubilier & Rice and including Mubadala Investment Company and other co-investors. The deal is expected to close during the second quarter of 2024, subject to customary regulatory reviews and approvals.
The Paul, Weiss team is led by corporate partners Eric Wedel, Ben Steadman, Caroline Epstein, Brian Janson and Luke Jennings, and includes counsel Adam Longenbach and tax partner Robert Holo and counsel Samir Kurani and Patrick Karsnitz.