Mayer Brown advised Waterfall Asset Management on a multifaceted corporate transaction that closed on January 20, 2023. A private equity vehicle managed by Waterfall, and Atalaya Capital Management led a strategic investment in OnPoint Warranty Solutions, a rapidly growing insurtech, mobile solutions and warranty services company.
The investments by Waterfall and Atalaya provide growth capital to OnPoint and supported the simultaneous acquisition of Guardian Protection Products, Inc., a technology-enhanced warranty administrator for premier furniture retailers. The transactions are designed to accelerate OnPoint’s strategic growth plans – among other things, by enhancing its mobile and warranty product innovation and expanding its proprietary insurance technology platform by integrating warranty administration technology developed by Guardian.
The Mayer Brown team representing Waterfall was led by Corporate & Securities partner Joe Castelluccio, Banking & Finance partner Eric Reilly and Corporate & Securities associate Miller Lulow.