Orogen Group’s Acquisition of a Majority Interest in Westcor Land Title Insurance Company

Davis Polk advised The Orogen Group on the deal.

The Orogen Group entered into a definitive agreemento for the acquisition of a majority interest in Westcor Land Title Insurance Company. The transaction is subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the approval of the Financial Conduct Authority, the approval of certain insurance regulators and other customary conditions. Financial terms of the deal were not disclosed.

The Orogen Group is an operating company that was created by Vikram Pandit and Atairos Group, an independent private company focused on supporting growth-oriented businesses.

Westcor Land Title Insurance Company is the nation’s largest privately-held title insurance company with more than $600 million in gross revenues, a vast independent agent network and an “A” financial stability rating from Demotech Inc.

The Davis Polk corporate team advising The Orogen Group included partner Louis Goldberg (Picture) and associates Daisy Wu and Amira Abulafi. The executive compensation team included partner Veronica M. Wissel and associate Tessa Patti. Partner Patrick E. Sigmon and associate Liang Zhang provided tax advice. Partner Pedro J. Bermeo provided capital markets advice. Partner Frank J. Azzopardi provided intellectual property advice. The real estate team included associate Rachel Hoberman

Involved fees earner: Amira Abulafi – Davis Polk & Wardwell; Frank Azzopardi – Davis Polk & Wardwell; Pedro Bermeo – Davis Polk & Wardwell; Louis Goldberg – Davis Polk & Wardwell; Rachel Hoberman – Davis Polk & Wardwell; Tessa Patti – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Daisy Wu – Davis Polk & Wardwell; Liang Zhang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Orogen Group;

Author: Ambrogio Visconti