Top Private Equity News, Member Posts, Managed Futures Daily Indices and more!

2yrs ago Private Equity privateequitywire Views: 260

RPC advises Optio on acquisition of nuclear risk specialist Northcourt

Submitted 14/05/2021 - 8:57am

International law firm RPC has advised Optio Group – a speciality insurance MGA – on its acquisition of nuclear risk specialist Northcourt.

Northcourt – which launched in 2010 – is licensed to underwrite nuclear property and liability risks globally and has clients in Europe, Russia, China, South Africa and Canada, and elsewhere across the world. The executive management team and staff will all remain with the business.

RPC Partner James Mee led the RPC team on behalf of Optio. "We were very pleased to be asked to support on what is a strategically very significant deal for Optio," he says. "It has been fascinating from start to finish.

"We have very much enjoyed bringing our experience of M&A in the insurance market to bear as part of the team supporting Optio and wish them every success as they integrate the Northcourt business and its people into their company."

Matthew Fosh – Executive Chairman at Optio Group – says: "This transaction was strategically critical for Optio. As such, it was equally critical that we worked with advisers who not only understood the law, but also had a rich appreciation of the dynamics of the insurance market and how we operate. I've known James and the RPC team for a good many years and it was great to work together on this."

The Optio transaction follows other announced insurance deals handled by RPC in 2021, many of which are private equity/financial-sponsor backed.

Like this article? Sign up to our free newsletter Tags Deals & Transactions Acquisitions Finance & Insurance

Today's Private Equity Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.