Sidley Advised Underwriters On Brown & Brown’s US$8.6 Billion Senior Notes And Common Equity Offerings

Sidley Advised Underwriters on Brown & Brown’s US$8.6 Billion Senior Notes and Common Equity Offerings

Sidley represented the lead underwriters, J.P. Morgan and BofA Securities, along with the rest of the underwriting syndicates, in connection with Brown & Brown, Inc.’s senior notes and common equity offerings, including the concurrent exercise of the green shoe option. The proceeds will be used to fund Brown & Brown’s acquisition of RSC TopCo, Inc., the parent holding company of rival Accession Risk Management Group.

The transaction is valued at US$8.6 billion, making it a significant financing event in the insurance and risk management space. This capital raise positions Brown & Brown for enhanced market consolidation and expansion.

The Sidley deal team was led by Robert Ryan (Partner), Adam Gross (Partner), and Kayla West (Senior Managing Associate), with support from Ryan Metz (Associate), Kim Gubbels (Associate), Adi Milstein (Associate), Zachary Brusewitz (Associate), and Christine Seo (Law Clerk), all from the firm’s Capital Markets practice.

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