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Weil Advises Morgan Stanley and Goldman Sachs on XL Group’s Acquisition of Catlin Group

A Weil team led by New York partners Morgan Bale and Michael Aiello advised Morgan Stanley and Goldman Sachs as financial advisors and providers of a bridge financing to XL Group plc, an Ireland-based global insurance company, for its approximately $4.1 billion acquisition of Catlin Group Limited, a Bermuda-based specialty insurance and reinsurance company.

The acquisition will form a combined business which is expected to have a leading presence in the global specialty insurance and reinsurance markets. The transaction is structured as a scheme of arrangement and is expected to close mid-2015.

The Weil team advising Morgan Stanley and Goldman Sachs was led by Banking & Finance partner Morgan Bale, Corporate Chairman Michael Aiello, and included Banking & Finance partner Tom Richards (London); Public Company Advisory Group partner Howard Dicker; Tax partner William Horton Jr.; Environmental partner Annemargaret Connolly (Washington DC); Litigation partners Eric Hochstadt; John Mastando III; and Charles Roh (Washington DC); Executive Compensation & Employee Benefits counsel Steven Margolis; Environmental counsel Thomas Goslin (Washington DC); Litigation counsel Adam Safwat (Washington DC); Banking & Finance associates Heather Viets; Peter Puk; Paul Overmyer; and Sarah Davis; Capital Markets associates Andrew Woodworth and Nik Talreja; M&A associates Sachin Kohli and Megan Ward; Tax associate Brian Hamano; and Litigation associates Erin Yates (Washington DC); Jill Corrigan (Washington DC); and Brenna Trout (all in New York unless otherwise specified).