Assurant, Inc.’s $772.4 Million Secondary Offering


Davis Polk advised Assurant, Inc. in connection with the SEC-registered secondary offering of 7,869,230 shares of Assurant, Inc. common stock by certain affiliates of TPG Global, LLC for an aggregate price to the public of $772.4 million.

Goldman Sachs & Co. LLC acted as underwriter in the deal.

Assurant, Inc. is a global provider of risk management solutions, protecting where consumers live and the goods they buy. Assurant focuses on the housing and lifestyle markets, and is among the market leaders in mobile device protection and related services, extended service contracts, vehicle protection, pre-funded funeral insurance, renters insurance, lender-placed homeowners insurance and mortgage valuation and field services. Assurant operates in 16 countries, while its Assurant Foundation works to support and improve communities.

The Davis Polk capital markets team included partner Richard D. Truesdell Jr. (Picture) and associates Zoey Hitzert and Win Rutherfurd. The tax team included partner Po Sit and associate Joseph M. Gerstel. Counsel Charles Shi provided ERISA advice. Counsel Sarah E. Kim and associates Matthew R. Silver and Sijia Cai provided 1940 act advice.

Simpson Thacher represented Goldman Sachs & Co. LLC. The team included Joseph Kaufman, Matthew Levy and Erica Egenes (Capital Markets); Jeanne Annarumma and Nathan Utterback (Executive Compensation and Employee Benefits); Jonathan Cantor and Morgan Otway (Tax); Andrew Pagliughi (Blue Sky and FINRA); and Steve DeLott (Insurance).

Involved fees earner: Sijia Cai – Davis Polk & Wardwell; Joseph Gerstel – Davis Polk & Wardwell; Zoey Hitzert – Davis Polk & Wardwell; Sarah Kim – Davis Polk & Wardwell; Win Rutherfurd – Davis Polk & Wardwell; Charles Shi – Davis Polk & Wardwell; Matthew Silver – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell; Jeanne Annarumma – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Erica Egenes – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Matthew Levy – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Nathan Utterback – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Simpson Thacher & Bartlett;

Clients: Assurant, Inc.; Goldman Sachs & Co.;