Simpson Thacher Represents Barclays as Financial Advisor to ProSight in Its Sale to Affiliates of Towerbrook and Further Global
02.08.21
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The Firm is representing Barclays Capital Inc. as financial advisor to ProSight Global, Inc. (NYSE: PROS) (“ProSight”), a domestic specialty insurance company, in connection with the proposed acquisition of ProSight by affiliates of TowerBrook Capital Partners L.P., an international investment management firm, and Further Global Capital Management, a private equity firm focused on the financial services industry, in an all-cash transaction valued at approximately $586 million, in which ProSight stockholders will receive $12.85 per share of common stock.
Founded in 2009, ProSight is an innovative property and casualty insurance company writing a diverse mix of admitted and non-admitted specialty lines of business in all 50 states.
The Simpson Thacher team includes Caroline Gottschalk and Jess Yoon (M&A).