Simpson Thacher Acting as Regulatory Counsel to First Mercury in its Acquisition of Valiant Insurance
07.02.10
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The Firm is acting as regulatory counsel to First Mercury Financial Corporation whereby its subsidiary First Mercury Insurance Company will acquire Valiant Insurance Group, Inc., a subsidiary of Ariel Holdings, Ltd. The deal value is anticipated to be approximately $55 million at closing. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2010.
First Mercury Financial Corporation provides insurance products and services primarily to the specialty commercial insurance markets, focusing on niche and underserved segments.
The Simpson Thacher team includes: Peter Gordon, Steve DeLott, Alfredo Porretti and Hayley Urkevich.