Ogier's legal and corporate teams collaborate on US$2.5 billion equity investment into The Ardonagh Group

Ogier's Jersey and Cayman Islands corporate teams worked alongside the firm's corporate and fiduciary business Ogier Global to deliver full services to global insurance broker The Ardonagh Group on a US$2.5 billion equity investment, led by funds managed by Stone Point Capital LLC, the US-based private equity firm. The investment values the group at US$14 billion.

A long-standing client of Ogier, Ardonagh is one of the world’s largest independent insurance distribution platforms and a top 20 global broker. The continued support of its investors positions Ardonagh to continue capturing numerous growth opportunities in the global property and casualty insurance market through its platform of business. 

Ogier acted as legal counsel to Ardonagh, instructed by Paul, Weiss, Rifkind, Wharton & Garrison for the existing majority shareholders and Ardonagh along with Herbert Smith Freehills Kramer as long-standing corporate counsel to Ardonagh.  Debevoise & Plimpton acted for Stone Point Capital. The Cayman team was led by partner Richard Bennett, working with managing associate Hannah Diss in London with the Jersey team led by partners Oliver Richardson and Raulin Amy and supported by associate Lara Morand.

They were supported by Ogier Global's Corporate Services team, who ensured full compliance with both Jersey and Cayman regulatory and governance requirements. The team comprised associate director Tom Williamson, manager Heather Rabet and administrator Juliet Lindsay.

Richard Bennett said: "It was a pleasure to continue our long and successful relationship with The Ardonagh Group on this landmark transaction, which was the culmination of many months' hard work from all involved. The collective efforts of the Cayman and Jersey Corporate teams, together with Ogier Global's support on the corporate services side, demonstrates Ogier's cross-jurisdictional and collaborative offering in Europe."