News
Freshfields advises Warburg Pincus on proposed acquisition of Specialist Risk Group
Freshfields Bruckhaus Deringer (“Freshfields”) is advising Warburg Pincus on its agreement to acquire Specialist Risk Group (“SRG”), an insurance intermediary, from HGGC and Specialist Risk Group’s management team.
SRG was launched in January 2020 under the leadership of Group CEO Warren Downey and Group Deputy CEO Lee Anderson and currently employs over 600 people.
The transaction is subject to customary closing conditions and regulatory approval. It is anticipated that Temasek, the Singapore-headquartered global investment company, and SRG management, will also invest in SRG alongside Warburg Pincus at closing of the transaction.
The Freshfields team is being led by partners Patrick Ko and Alastair Brown, together with partners James Smethurst on financial services regulatory matters; Tom McGrath on competition aspects; May Smith on tax matters; Richard Lister on IP/IT matters; Ali Kirby-Harris on compliance matters; Holly Insley on employment matters; and Victoria Hills on real estate matters.
