Mayer Brown appointed by private equity firm Pamplona
2 July 2009
2 July 2009 – Leading international law firm Mayer Brown has been appointed by UK private equity firm Pamplona Capital Management as it seeks to buy almost one-third of Lloyd's of London insurer Chaucer Holdings.
Chaucer is a specialist insurance and reinsurance underwriting group which underwrites insurance business at Lloyd's, the world’s leading insurance and reinsurance market.
Pamplona increased its stake in Chaucer to 9.99% after buying 9.26% of the company’s shares at 44p last week and are looking to buy up to 29.9% of Chaucer in cash. It has entered into an agreement to increase its stake by 6.28% to 16.27%.
Paul Thompson, Partner at Pamplona, said: “Mayer Brown’s knowledge of the insurance and reinsurance market is second to none. This knowledge, coupled with their strong private equity practice is proving to be invaluable as we look to increase our stake in Chaucer.”
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