Debevoise & Plimpton LLP is advising Ambac Financial Group (NYSE: AMBC) in its acquisition of a majority stake in Beat Capital Partners Limited in a transaction valued at approximately $282 million. For more information, please see the company’s press release.

Ambac is a financial services holding company headquartered in New York City. Beat Capital Partners is a long duration venture capital investor exclusively focused on the insurance industry.

The Debevoise team is led by M&A partner Geoffrey Burgess and insurance international consultant Clare Swirski and includes M&A partner Spencer Gilbert, international counsel Sam Whitaker and associates Amanda Ackaway, Maria Epishkina, Joseph Mash, Ryan Katz, Zachary Sosah, Edoardo Troina and Toby Wenham Rogers, insurance associates Bethania Berhane, Kaéla Edwards, Michael Ellis, Nicole Gany and Katie Power, employee benefits and executive compensation partner Meir Katz and associate Samuel Siegel, finance partner Sunil Savkar, international counsel Christine Shu Gilleland and associates Lachlan Conroy, Almas Daud and Jeremy Orlian, capital markets partners Eric Juergens and Steven Slutzky, associates Andrew Lee, Amy Pereira, and Beatrice Techawatanasuk and law clerk Talia Lorch, tax partners Rafael Kariyev and Richard Ward, counsel Ben Lee Friedman, international counsel Jennifer Wheater and associates Charles Cartiglia and Christopher Gossage, IP and technology transactions counsel Caroline Geiger, associate Melody Godbolt and law clerk Lynn-Saskya Toussaint, antitrust partner Timothy McIver and international counsel Anne-Mette Heemsoth, and white collar and regulatory defense counsel Johanna Skrzypczyk, international counsel Robert Maddox and associate Michiko Wongso.