Mayer Brown advised long-time client R&Q Insurance Holdings Ltd. (R&Q) on the sale of R&Q’s Program Management Business, Accredited, to Onex for $465 million. Closing of the sale is conditional on R&Q shareholder approval, regulatory approval and customary consents from certain R&Q debt providers.
Today’s sale announcement follows a corporate restructuring by R&Q to separate the Accredited Program business from its Legacy business, on which Mayer Brown also advised R&Q.
The team was led by Corporate & Securities partners David Alberts and Elena Rubinov and included Corporate & Securities partner Jared Wilner, counsel George Rudy and associates Bruno Paccola, Charles Watson, Juliana Toes, Dean Corrado, Don Irwin, Lily Johnson (all New York), Lily Song (Northern California), Cade Cross and Sam Hartman; Employment & Benefits partner Debbie Hoffman (all Chicago); Technology & IP Transactions partner Rohith George (Northern California) and associate Julian Dibbell (Chicago); Litigation & Dispute Resolution partners Michael Menssen (Salt Lake City), Dr. Andrea Pomana (Brussels), Arsen Kourinian (Los Angeles) and Scott Perlman, counsel Roger Patrick (both Washington DC) and associate Juliet Gunev (Los Angeles); Tax partner Lucas Giardelli and associate Minju Kim; and IP associate Ryan Babcock (all New York).
View R&Q’s release here.