Trean Insurance Group’s Common Stock Offering

Skadden, Arps, Slate, Meagher & Flom LLP advised Trean Insurance Group, while Davis Polk advised the joint book-running managers and representatives of the underwriters in the offering.

The follow-on secondary offering of 5,000,000 shares of common stock of Trean Insurance Group, Inc. (“Trean”) were issued by certain of Trean’s stockholders. The common stock is listed on the Nasdaq Global Select Market under the symbol “TIG.”

Trean provides products and services to the specialty insurance market. Trean underwrites specialty casualty insurance products both through its program partners and its own managing general agencies.  Trean also provides its program partners with a variety of services including issuing carrier services, claims administration and reinsurance brokerage.  Trean is licensed to write business across 49 states and the District of Columbia.

J.P. Morgan and Evercore ISI are acting as lead book-running managers, William Blair is acting as a joint book-running manager and JMP Securities is acting as a co-manager for the offering

The Davis Polk capital markets team included partner Richard D. Truesdell Jr. (Picture) and associate Yoojin Nairn-Kim. Counsel Marcie A. Goldstein provided FINRA advice. The tax team included partner Mario J. Verdolini. Counsels Matthew J. Bacal and Matthew A. Kelly provided intellectual property advice.

Skadden, Arps, Slate, Meagher & Flom LLP advised Trean Insurance Group with partners Dwight Yoo, Elena Coyle, and associates Abigail Xu, Lyall Stuart on financial institutions side; and partner Jessica Hough on tax aspects of the transaction.

Involved fees earner: Matthew Bacal – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Matthew Kelly – Davis Polk & Wardwell; Yoojin Nairn-Kim – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Elena Coyle – Skadden Arps Slate Meager & Flom; Jessica Hough – Skadden Arps Slate Meager & Flom; Lyall Stuart – Skadden Arps Slate Meager & Flom; Abigail Xu – Skadden Arps Slate Meager & Flom; Dwight Yoo – Skadden Arps Slate Meager & Flom;

Law Firms: Davis Polk & Wardwell; Skadden Arps Slate Meager & Flom;

Clients: Evercore Inc.; J.P. Morgan Securities LLC; JMP Securities LLC; Trean Insurance Group; William Blair & Company, L.L.C.;

Author: Martina Bellini