Deal Closed | Arthur J. Gallagher & Co. | Acquisition of Edelweiss Gallagher Insurance Brokers Limited
The details of the deal are as follows:
Sector: Insurance
Announcement Date: 01-Jul-2021
Completion Date: 01-Jul-2021
Name of Client: Arthur J. Gallagher & Co.
Acquirer Details: Arthur J. Gallagher & Co. | USA
Seller Details: Edelweiss Financial Services Limited | India | Seller
Deal Description: Advised Arthur J. Gallagher & Co. in relation to acquisition of remaining 70% of Edelweiss Gallagher Insurance Brokers Limited from Edelweiss Financial Services Limited.
Total Consideration: INR 307.6 crore (USD 41.9 million)
Team Members: Core team: Rabindra Jhunjhunwala (Partner), Anuj Shah (Partner), Nayantara Kutty (Counsel), Probal Bose (Senior Associate) and Rahul Chandramouli (Associate) with assistance from:
Insurance Regulatory Aspects: Harsh Khemka (Principal Associate)
Corporate Diligence: Puneet Rathsharma (Senior Associate), Divyansh Joshi (Associate), Mahima Narsaria (Associate) and Neelam Tripathi (Associate)
Employment Law: Anshul Prakash (Partner), Abhimanyu Pal (Principal Associate) and Kruthi Murthy (Associate)
Tax: Ritu Shaktawat (Partner), Mayank Jain (Principal Associate) and Sneh Shah (Principal Associate)
Intellectual Property: Shailendra Bhandare (Partner) and Vivek Singh (Associate)
Data Privacy: Ishan Johri (Senior Associate)
Role of Firm: Represented Arthur J. Gallagher & Co. on acquisition of remaining 70% Edelweiss Gallagher Insurance Brokers Limited from Edelweiss Financial Services Limited
Unique Feature of Transaction: One of the first foreign control transactions in the insurance broking space.
