9 September, 2015
Skadden is advising Mitsui Sumitomo Insurance Co Ltd (MSI) in its £3.468 billion proposed acquisition of Amlin plc, announced September 8. This transaction brings together four of Skadden’s market-leading practices: UK public M&A, insurance, finance and Japanese M&A. Delivering a UK public bid for a complex insurance target on behalf of a subsidiary of a Tokyo Stock Exchange listed client, financed with a combination of Japanese law debt and a non-sterling escrow structure, demonstrates exactly why clients trust Skadden with their most complex global transactions.
MSI is a major subsidiary of MS&AD, the Japan-listed global insurance group, and is a leader in Japan in the non-life insurance market. MSI operates a portfolio of non-life insurance businesses, including in the marine, aviation, property and casualty categories. Amlin is a leading global specialty insurer and reinsurer, operating across twenty locations worldwide, which is headquartered in London and listed on the LSE.
The Skadden team includes in London Scott Hopkins and Robert Stirling, corporate; Mark Darley, banking; Tim Sanders, tax; Helena Derbyshire, employment; in Brussels, Simon Baxter, competition; and in Tokyo, Hiro Kamiya, corporate.
Linklaters advised Amlin plc; Sullivan & Cromwell advised Goldman Sachs as lead financial adviser; and Clifford Chance advised Goldman Sachs in its role as lender.
