Magic circle duo take key roles on Marsh & McLennan's $5.6bn takeover of UK insurance firm JLT
Wachtell teams up with Slaughters to advise US financial services giant
September 18, 2018 at 07:15 AM
2 minute read
Magic circle duo Clifford Chance (CC) and Slaughter and May are advising alongside a number of top US law firms on the $5.6bn (£4.3bn) purchase of UK insurance broker Jardine Lloyd Thompson Group (JLT) by US competitor Marsh & McLennan Companies.
Marsh & McLennan is seeking to bolster its speciality risk broking and global reinsurance business by acquiring the FTSE 200-listed UK company.
Linklaters advised Jardine Matheson, the 40% shareholder in JLT, with a team led by corporate partner James Inglis, alongside corporate partner Nick Rumsby.
Slaughters and US firm Wachtell Lipton Rosen & Katz are advising Marsh & McLennan on the takeover, with the magic circle firm's team consisting of senior partner Steve Cooke, corporate partner Richard Smith, competition partners Bertrand Louveaux and Lisa Wright, finance partner Ed Fife and financial regulation partner Nick Bonsall.
Partners Jonathan Fenn and Dan Schaffer also advised on pensions and employment matters, while Marsh & McLennan's internal legal team was led by executive vice-president and general counsel Peter Beshar.
The Wachtell team is being led by corporate partners Dan Neff and Greg Ostling.
CC, meanwhile, is advising JLT, with corporate partners Tim Lewis and Katherine Moir leading the firm's team with support from competition partner Greg Olsen and incentives partner Sonia Gilbert.
Other US firms with related roles on the deal include Davis Polk & Wardwell, which is advising Marsh & McLennan on the terms of a bridge-loan agreement, and Sullivan & Cromwell, which is representing Marsh & McLennan's financial adviser, Goldman Sachs.
The Sullivan team on the transaction includes London corporate partners Ben Perry and Jeremy Kutner, as well as City finance partner Presley Warner and New York corporate partner Stephen Kotran.
The Davis Polk team on the transaction included New York corporate partner and co-head of the global credit group James Florack and London banking partner Nick Benham.
Weil Gotshal & Manges is advising Goldman Sachs on providing committed bridge financing for MMC, with New York banking partner Morgan Bale leading the team.
Slaughters is also currently leading for insurance company Esure on its £1.2bn takeover bid by private equity firm Bain Capital, with Weil Gotshal & Manges advising the latter.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Hengeler Advises On €7B Baltica 2 Wind Farm Deal Between Ørsted and PGE
2 minute read
Israeli Firm Pearl Cohen Combines with San Francisco IP Boutique
Trending Stories
- 1Arguing Class Actions: With Friends Like These...
- 2How Some Elite Law Firms Are Growing Equity Partner Ranks Faster Than Others
- 3Fried Frank Partner Leaves for Paul Hastings to Start Tech Transactions Practice
- 4Stradley Ronon Welcomes Insurance Team From Mintz
- 5Weil Adds Acting Director of SEC Enforcement, Continuing Government Hiring Streak
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
