Ropes & Gray advised the special committee of ProSight Global, Inc., a domestic specialty insurance company, on the company’s sale to TowerBrook Capital Partners and Further Global Capital Management in an all-cash transaction valued at approximately $586 million. The transaction was announced on Jan. 15. The press release is here.
Founded in 2009 and headquartered in Morristown, New Jersey, ProSight Global, Inc. is an innovative property and casualty insurance company. TowerBrook Capital Partners, co-headquartered in New York and London, is an investment management firm that has raised in excess of $17.4 billion. Further Global Capital Management is an employee-owned private equity firm that makes investments in businesses within the financial services industry.
The Ropes & Gray team that represented ProSight Global was led by mergers & acquisitions partner Marko Zatylny (Boston), and included litigation & enforcement partners Randall Bodner and Daniel McCaughey (both of Boston).
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