Kirkland & Ellis advised Tokio Marine HCC, a leading specialty insurance group, on its agreement to acquire GCube, a managing general agent that is one of the world’s largest underwriters of renewable energy insurance covering wind, solar, bio, hydro, wave and tidal projects globally. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close in the second quarter of 2020. Financial terms were not disclosed.
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The cross-border Kirkland team was led by transactional partners Rajab Abbassi (insurance) and Dipak Bhundia and associates Sharon Skipper and Bradley Osborne; tax partner Alan Walker and associate Sam Trowbridge; technology & IP transactions partner Jennifer Wilson and associate Jacqueline Clover; antitrust partner Sally Evans and associate Samantha Jones; executive compensation partner Rohit Nafday and associate Annemarie Mierzejewski; and financial services partner Colin Sharpsmith and associate Andrea Gonzaga.