Kirkland & Ellis LLP represents the majority shareholders of Ironshore, Inc., including GTCR, Irving Place Capital, Towerbrook Capital, Calera Capital and Corporate Partners, in connection with the sale of insurer Ironshore to Fosun International Limited (HKEx stock code: 00656), a Chinese investment company focused on insurance, industrial operations, investment and asset management.
Kirkland also represented the majority shareholder group in connection with Fosun’s purchase of ordinary shares of Ironshore representing 20 percent of Ironshore’s total outstanding ordinary shares on a fully diluted basis, which closed on February 12, 2015. The acquisition of the remaining interest in Ironshore will be effected by the merger of an indirect wholly owned subsidiary of Fosun International Limited with and into Ironshore, with Ironshore as the surviving company. After giving effect to the merger, Ironshore will be an indirect wholly owned subsidiary of Fosun International Limited. More information on the transaction is available here.
The Kirkland team includes corporate partners Stephen Ritchie and Walter Holzer, tax partners Russell Light and Scott Price, and corporate associates Jonathan Man and Alyssa Christensen.