Sidley is representing TowerBrook Capital Partners L.P. (TowerBrook), an international investment management firm, and Further Global Capital Management (Further Global), a private equity firm focused on the financial services industry, in connection with the acquisition of all outstanding shares of common stock of ProSight Global, Inc. (NYSE: PROS), a domestic specialty insurance company.
TowerBrook, an investment management firm that has raised in excess of US$17.4 billion to date, is co-headquartered in London and New York, and focuses on making investments in companies headquartered in North America and Europe. Further Global is an employee-owned private equity firm that makes investments in businesses within the financial services industry.
This transaction was led by Private Equity partner Brien Wassner, Insurance partner Perry Shwachman, and M&A partner John Butler, with significant contributions by Global Finance partner Kelly Dybala regarding financing aspects and Insurance counsel Jennifer Norris regarding insurance matters. Other members of the team included partners Karen Kazmerzak (Antitrust), Joel Feinberg (Banking and Financial Services), Benjamin Rosemergy (Employee Benefits), James Mendenhall and Andrew Shoyer (Global Arbitration, Trade and Advocacy), Andrew Holland (Insurance), Alan Raul (Privacy and Cybersecurity), Christian Brause and Tracy Williams (Tax), and Jennifer Coplan (Technology and IP Transactions); counsel Christophe Burusco (Insurance) and Galit Knotz (Labor, Employment and Immigration); and associates Miriam Carroll Silvestri (Antitrust), Alexandra Peterson and P.C. Wang (Employee Benefits), Carys Golesworthy (Global Arbitration, Trade and Advocacy), Adam Nelson (Global Finance), Jeremy Carroll, Jacob Grossman, Jingjing Lin, Christa Nipper, Monica Norzagaray Pedraza, and Jack Yamin (Insurance), Abigail Hudson (Labor, Employment and Immigration), Anna Razzaio, Alan Sun, and Taylor Wood (M&A), Michael Roberts (Privacy and Cybersecurity), Nathan Enfield and Lena Qiu (Tax), and Kyle Barnett and Summer Danzeisen (Technology and IP Transactions).