Arch Capital Group’s €480 Million Acquisition of Coface

Long Arc Capital acted as strategic advisor, Lazard acted as financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor to Arch in the transaction. Darrois Villey Maillot Brochier avised Natixis and Cleary Gottlieb Steen & Hamilton advised Coface

Arch Capital Group Ltd. executed the acquisition of a minority stake (29.5% stake) in Coface from Natixis.

The transaction will be completed at a price of €10.70 per share (dividend until closing attached), corresponding to a transaction value of approximately €480 million based on the current number of shares.

Arch Capital Group Ltd., a Bermuda-based company with approximately $13.23 billion in capital at Dec. 31, 2019, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Coface is a France-based leader in the global trade credit insurance market, listed on Euronext Paris.

The Willkie team was led by partner Gabriel Flandin (Picture) and included partners Nicholas Bugler and Faustine Viala, Special European Counsel Philippe Grudé and associates Antoine Wilner and David Kupka.

Darrois Villey Maillot Brochier avised Natixis with Laurent Gautier, Bertrand Cardi, Didier Theophile, Olivia Chriqui and  Pierre Zejma.

Cleary Gottlieb Steen & Hamilton advised Coface with Jeanne Theuret, Eole Rapone and Jérome Hartemann.

Involved fees earner: Jerome Hartemann – Cleary Gottlieb Steen & Hamilton; Eole Rapone – Cleary Gottlieb Steen & Hamilton; Jeanne Theuret – Cleary Gottlieb Steen & Hamilton; Bertrand Cardi – Darrois Villey Maillot Brochier; Olivia Chriqui – Darrois Villey Maillot Brochier; Laurent Gautier – Darrois Villey Maillot Brochier; Didier Théophile – Darrois Villey Maillot Brochier; Pierre Zejma – Darrois Villey Maillot Brochier; Nicholas Bugler – Willkie Farr & Gallagher; Gabriel Flandin – Willkie Farr & Gallagher; Philippe Grudé – Willkie Farr & Gallagher; David Kupka – Willkie Farr & Gallagher; Faustine Viala – Willkie Farr & Gallagher; Antoine Wilner – Willkie Farr & Gallagher;

Law Firms: Cleary Gottlieb Steen & Hamilton; Darrois Villey Maillot Brochier; Willkie Farr & Gallagher;

Clients: Arch Capital Group Ltd.; Coface; Natixis;