The private equity team at Appleby has advised Cunningham Lindsey on the Cayman Islands law aspects of their sale to Sedgwick Claims Management Services, Inc., which represents a significant transaction in the insurance sector between two private equity backed firms.

The Appleby team was led by Jacob MacAdam who commented, “Our work on transactions such as this for our long-standing client, Cunningham Lindsey, highlights our expertise in the corporate, private equity and insurance space. We are delighted to have advised on this intricate and high profile deal.”

The transaction is expected to close later this year and is subject to customary closing conditions and regulatory approvals across a number of jurisdictions. Other Appleby attorneys on this deal included Simon Raftopoulos and Samuel Banks. Weil, Gotshal & Manges LLP act for Cunningham Lindsey on all aspects of US law.

Cunningham Lindsey is a CVC Capital Partners backed global loss adjusting, claims management and risk solutions firm. Sedgwick Claims Management Services, Inc., which is majority owned by KKR, is a leading global provider of technology enabled risk and benefits solutions.

Share
Twitter LinkedIn Email Save as PDF
More News
29 Jan 2021 | News

Appleby lawyers recognised in the Private Client Global Elite Directory

Lawyers from across three of Appleby’s global jurisdictions have been selected for the Global Elit...

21 Jan 2021 | News

Cayman Islands set to introduce the Private Funding of Legal Services Act (2020)

Cayman Islands set to introduce the Private Funding of Legal Services Act (2020) which will dramatic...

15 Jan 2021 | News

Appleby acts as Cayman counsel on Silver Crest Acquisition Corporation’s upsized US$300M SPAC IPO

Appleby acted as Cayman counsel to Silver Crest Acquisition Corporation on its upsized US$300,000,00...

15 Jan 2021 | News

Have a coffee on Appleby this Blue Monday #ThanksAppleby

After the success of the last two year’s Blue Monday campaigns, Appleby has partnered with local c...

21 Dec 2020 | News

Hong Kong Partner David Bulley named as “Merger and Acquisitions Lawyer of the Year” at the Lawyer Monthly Legal Awards 2020

Hong Kong Partner David Bulley named as “Merger and Acquisitions Lawyer of the Year” at the Lawy...

10 Dec 2020 | News

Appleby Ranked Tier 1 in Chambers’ Inaugural Offshore FinTech Guide

Chambers and Partners has published its first-ever Offshore FinTech ranking, naming Appleby as a Tie...

Contributors: Steven Rees Davies
17 Nov 2020 | News

Appleby Cayman ranked in six categories in Legal 500

Appleby’s Caribbean offices in Bermuda, the British Virgin Islands and the Cayman Islands achieved...

12 Nov 2020 | News

Appleby lawyer named Private Client Lawyer of the Year

Appleby partner Carlos de Serpa Pimentel has been named Private Client ‘Lawyer of the Year’ in t...

5 Nov 2020 | News

Appleby Sponsors FFA Virtual Global Symposium

Appleby is proud to be a platinum sponsor of the Global Fund Finance Association (FFA) Symposium for...

Contributors: Fiona Chan
21 Oct 2020 | News

Safe Haven Found: The Cayman Islands introduces Global Citizen programme for digital nomads

On 16 October 2020, the Cayman Government gazetted regulations bringing into effect its Global Citiz...

Contributors: Esmond Brown