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Weil Advises Ontario Teachers’ Pension Plan on $1.3B Financing for BroadStreet Partners’ Acquisition of Westland Insurance

Weil has advised Ontario Teachers’ Pension Plan and its portfolio company BroadStreet Partners, Inc., an insurance brokerage holding company, on a successful approximately $1.3 billion syndicated debt financing (comprising term loan A and term loan B) in connection with BroadStreet’s acquisition of Westland Insurance Group, a leading Canadian independent insurance brokerage. The financing also involved a revolver upsize. 

The Weil team was led by Banking & Finance Co-Head Andrew Colao and included Banking & Finance partner Paul Overmyer and Banking & Finance associates Amrita Mukherjee and Claudia Stantzyk-Guzek and Dax Zhang. The team also included Private Equity partner Timothy Burns and Private Equity associate Leah Whitworth (Not Yet Admitted in New York); International Tax Head Devon Bodoh, Tax counsel Blake Bitter and Tax associate Madeline Joerg; and Capital Markets partner Nitin Konchady.