Madison Dearborn Partners Agrees to $1.3 Billion Deal for National Financial Partners

Ropes & Gray represented Chicago-based private equity investment firm Madison Dearborn Partners in a deal to acquire National Financial Partners (NFP), a leading provider of benefits, insurance and wealth management services. Under the terms of the agreement announced on April 15, NFP shareholders will receive $25.35 in cash for each share of NFP common stock they own, in a transaction with an equity value of approximately $1.3 billion, which includes the full value of the company’s convertible debt.

The Ropes & Gray team was led by Chicago-based private equity partner Matt Richards. Partners Byung Choi and Alex Zeltser led the financing aspects of the deal. The team also included hedge funds partner Leigh Fraser, tax & benefits partners Renata Ferrari and Eric Elfman, investment management partner James Thomas, and private equity partner David Chapin.