Arch Capital Group’s $502 Million Secondary Public Offering


Willkie represented the underwriters in Arch Capital Group’s secondary public offering of 5,674,200 common shares

Arch Capital Group Ltd. [NASDAQ: ACGL] executed an underwritten public secondary offering of 5,674,200 common shares by certain selling shareholders affiliated with American International Group, Inc. Proceeds from the sale of common shares pursuant to the public offering will be received by the Selling Shareholder. The Company will not receive any proceeds from the sale of common shares pursuant to the public offering.

The offering is being led by Barclays and Deutsche Bank Securities Inc. as joint book-running managers.

Arch Capital Group Ltd., a Bermuda-based company with approximately $11.30 billion in capital at December 31, 2017, writes insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. THe company, led by Marc Grandisson, Andrew T Rippert and Mark D Lyons, in 2017 recorded $5.627 Billion Revenues.

The Willkie deal team was led by partners Manuel Miranda (Picture), and included partner Anthony Carbone, UK partner Henrietta de Salis, counsel Martin Miller and associates Timothy Porter, Aaron Prince and Edward Torres.

Involved fees earner: Manuel Miranda – Willkie Farr & Gallagher; Martin Miller – Willkie Farr & Gallagher; Timothy D. Porter – Willkie Farr & Gallagher; Anthony Carbone – Willkie Farr & Gallagher; Edward Torres – Willkie Farr & Gallagher; Henrietta de Salis – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Barclays Bank; Deutsche Bank Securities;

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Author: Ambrogio Visconti