Sidley is representing TowerBrook Capital Partners L.P. (TowerBrook) in the sale of its portfolio company, Orchid Underwriters Agency, LLC (Orchid Insurance), to Brown & Brown, Inc. TowerBrook is a purpose-driven, transatlantic investment firm that works to grow and improve large and middle-market companies and has raised a total of US$18.7 billion since its inception. Orchid Insurance is the largest personal lines E&S managing general underwriter, providing specialty homeowners insurance for coastal risks in the Gulf, Southeast, and Mid-Atlantic states. Brown & Brown, Inc. is the fifth largest independent insurance brokerage in the nation.
The Sidley team was led by private equity partners Brien Wassner and Ian Helmuth and M&A managing associate Will Schoenfeld. Additional team members included Reed Kreger and George Krug (Corporate); Stephanie Dobecki, Christophe Burusco, and Scott Goldstein (Insurance); Jennifer Coplan and E. Kyle Barnett (Technology and Life Sciences Transactions); Eric Wolf and P.C. Wang (Employee Benefits and Executive Compensation); Edward Sharon (Antitrust); and Christian Brause and Andy Lau (Tax).