Debevoise & Plimpton LLP is advising AmTrust Financial Services, Inc. in a strategic transaction with Madison Dearborn for a portion of AmTrust’s U.S. fee businesses. The transaction, valued at $1.15 billion, is expected to close in the first half of 2018.

Upon closing, Madison Dearborn will acquire a 51% equity interest in certain of AmTrust’s U.S.-based fee businesses with AmTrust retaining a 49% interest and receiving approximately $950 million in cash (subject to certain purchase price adjustments). The fee-based businesses being acquired provide warranty and services contracts for the automotive, consumer products and specialty equipment industries, among others, and administer niche workers’ compensation and contractor liability coverage in the United States on behalf of AmTrust and other carriers.

The Debevoise team is led by partners Uri Herzberg and John M. Vasily and includes partners Rafael Kariyev, Henry Lebowitz, Marilyn A. Lion, Scott B. Selinger and Elizabeth Pagel Serebransky; counsel J. Michael Snypes, Jr.; and associates Christine Shu Gilleland, Tigist Kassahun, Samuel D. Krawiecz, Kristen A. Matthews, Bryn M. Paslawski, Leron Solomon and Michael G. Stern.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.