Appleby was instructed by the shareholders of Sandell Holdings Ltd. in connection with the sale of the entire issued share capital of Sandell to Randall & Quilter II Holdings Limited for an initial consideration of $25million, with further amounts payable subject to certain conditions being met.
Sandell Holdings Ltd is a Bermuda exempted company and the parent company of Sandell Re Ltd., an exempted company registered in Bermuda as a segregated accounts company and as a Class 3A insurer. Randall & Quilter II Holdings Limited is a subsidiary of Randall & Quilter Investment Holdings Ltd., a company listed on the London Stock Exchange's Alternative Investment Market 100 Index, the R&Q group, founded in 1991 primarily provides legacy acquisitions and program management services.
Partner Brad Adderley led the deal with assistance by Senior Associate Josephine Noddings.
Appleby's specialist Insurance & Reinsurance team provides advice on the establishment, regulatory compliance and business operations of (re)insurance companies, as well as advising (re)insurance managers and brokers based in international jurisdictions.
They specialise in advising on the establishment, regulatory compliance and business operations of (re)insurance companies, as well as (re)insurance managers and brokers based in international jurisdictions. They advise private and listed companies, including major New York and London finance houses, as well as FTSE 100 and Fortune 500 household names.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.