Sidley Represents Fortegra Group in Its US$1.65 Billion Acquisition by DB Insurance

Sidley is representing The Fortegra Group, Inc. (“Fortegra”), a U.S.-based specialty insurer, in its sale to DB Insurance Co., Ltd. (“DB Insurance”). DB Insurance will acquire 100% of the outstanding shares of Fortegra for approximately US$1.65 billion in cash from Tiptree Inc. (NASDAQ: TIPT) and Warburg Pincus LLC. The transaction will be funded in cash with internal resources from DB Insurance making it the largest U.S. market entry by a Korean non-life insurer. 

The Sidley team was led by Michael Devins (Insurance and M&A), and included Andrew Holland, Tu Tu, and Lucas Grisham (Insurance and M&A); Kelly Dybala and Alexander Waddell (Global Finance); and Gavin Tan and Xi Zhao (M&A).