Press Release

Kirkland Advises Bain Capital Insurance on Launch of The Mutual Group

Kirkland & Ellis is advising Bain Capital Insurance on a $200 million investment into GuideOne Insurance Company to support the launch of The Mutual Group, a new insurance platform serving the mutual industry. The transaction was announced on December 20, 2023. The Mutual Group is being created through Bain Capital Insurance’s acquisition of the operational platform of GuideOne Insurance Company, a niche-market mutual insurance carrier. GuideOne will serve as the inaugural member of The Mutual Group. The investment was made out of the $1.17 billion Bain Capital Insurance Fund, LP, the dedicated insurance private equity fund managed by Bain Capital Insurance. The transaction is expected to close by the end of 2023 subject to customary approvals and closing conditions.

Read the transaction press release

The Kirkland team is led by corporate partners Rajab Abbassi and Marc Holloway; insurance transactions & regulatory partner Parimah Hassouri; debt finance partner Yuli Wang; tax partners Mike Carew and Christine Lehman; executive compensation partners Scott Price and Diedre Kalenderian; and technology & IP transactions partners Vladimir Khodosh and Laila Paszti.