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.