Stroock Represents Arrowpoint Capital Corp. in Management Buyout of Royal & Sun Alliance USA
New York, New York, September 28, 2006…As reported in the press, Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles and Miami, represented Arrowpoint Capital Corp., a newly formed company owned and operated by senior leadership and outside directors of Royal & Sun Alliance USA, Inc., in entering into a definitive agreement to acquire Royal & Sun Alliance USA in a $300 million management buyout. The transaction is expected to close by year-end and is subject to regulatory and U.K. shareholder approvals. Stroock partners Bernhardt Nadell and William W. Rosenblatt led the firm’s team in its representation of Arrowpoint.
Additional team members included: Todd Zornik (Associate, Corporate Insurance), Mark S.Wintner (Partner, Employment Law & Benefits), Marissa J. Holob (Associate, Employment Law & Benefits), Patricia M. Perez (Partner, Corporate), Micah W. Bloomfield (Partner, Tax), Mark Eichler, (Special Counsel, Tax), Ian G. DiBernardo (Partner, Intellectual Property) and Jason M. Sobel (Associate, Intellectual Property).
For more information, please see the official Royal Sun press release.
Stroock & Stroock & Lavan LLP is a law firm with market leadership in financial services and insurance law, providing transactional and litigation expertise to many of the largest domestic and overseas life and non-life insurers and reinsurers, as well as regulators, trade associations, and financial services companies in the insurance industry, including investment banks, venture capital firms and investment advisers. Stroock’s emphasis on client service and innovation has made it one of the nation’s leading law firms for 125 years. Stroock’s practice areas include corporate finance, legal services to financial institutions, energy, financial restructuring, insurance, intellectual property, litigation and real estate.