Weil has advised CVC on its strategic partnership with Dale Underwriting Partners (Dale). CVC funds will invest into Dale to provide the capital to replace the current third-party capital providers and support business growth, which will result in CVC funds acquiring a majority stake in the business. CVC funds will be making this investment from their Strategic Opportunities Fund.
Founded by Duncan Dale in 2014 and operating through Lloyd’s Syndicate 1729, Dale is a specialist provider of insurance and reinsurance lines across six core classes and controls more than $500 million of premiums.
We are delighted to have had the opportunity to advise CVC on another investment in a growing regulated insurance company following on from advising on CVC’s acquisition of RiverStone International.
The Weil team was led by Private Equity partner Jonathan Wood and assisted by Jack Gray, Henrietta Wirta, Ada Lam and Jack O’Donohue. The team included: Private Funds partner Marc Schubert and associate Arup Sen; Finance partners Patrick Brendon and Tom Richards, counsel Kai Zhang and associate Cynthia Gao; Tax partner Jenny Doak, counsel Kevin Donegan and associate Enda Kerin; Employment counsel Thomas Weatherill; and Technology & IP partner Barry Fishley.