Slaughter and May advised MCI Holdco (UK) Limited on the deal.
Medical & Commercial International Limited from the club-style MGA formation platform Castel Underwriting Agencies Limited (Castel), part of Arch Insurance International, by way of management buy-out.
MCI, a specialised casualty underwriting business, launched on the Castel MGA platform in 2015. Today it writes over $50m of annual gross written premium across its main classes: Life Sciences (including clinical trials), Health Sciences (including medical malpractice) and International General Liability. Following completion of the transaction, MCI is majority owned and controlled by its management team, led by chief executive Philip Trafford.
Slaughter and May advised on all aspects of the transaction, including the purchase, equity investment and acquisition financing facility. The team included Robert Chaplin (Picture), Partner, Raghav Ghai, Associate, Victor Chu, Associate, Matthew Tobin, Partner, Saffiya Haddad, Associate, Gareth Miles, Partner and Nicola Dinan, Associate.
Involved fees earner: Robert Chaplin – Slaughter and May; Victor Chu – Slaughter and May; Nicola Dinan – Slaughter and May; Raghav Ghai – Slaughter and May; Saffiya Haddad – Slaughter and May; Gareth Miles – Slaughter and May; Matthew Tobin – Slaughter and May;
Law Firms: Slaughter and May;
Clients: MCI Holdco (UK) Limited;