Ropes & Gray advised Genstar Capital on its $585 million all-cash sale of 2-10 Home Buyers Warranty to Frontdoor. The sale was announced June 4 in a press release and is expected to close in the fourth quarter of 2024.
2-10 Home Buyers Warranty offers new construction structural warranties and systems and appliances coverage for new and existing homes. Genstar Capital is a San Francisco-based private equity firm with approximately $49 billion of assets under management.
The team included private equity partner Elizabeth Gallucci, finance partner Michael Lee, M&A partner Tom Fraser, tax partner Leo Arnaboldi, executive compensation & employee benefits partner Jenny Rikoski Whitney, litigation & enforcement partner Mike McFalls, employment partner Megan Bisk, real estate partner Sally Davis, and data, privacy & cybersecurity partner Fran Faircloth.
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