Simpson Thacher is representing GeoVera Insurance Group Holdings, Ltd. in connection with GeoVera’s pending acquisition by entities controlled by Flexpoint Ford, LLC. GeoVera is currently controlled by investment funds affiliated with Hellman & Friedman LLC and Friedman, Fleischer & Lowe, LLC.
GeoVera is a provider of specialty residential property insurance in markets that are underserved by other insurance carriers due to their exposure to certain perils, such as hurricanes or earthquakes. The transaction is subject to customary closing conditions and is expected to close this summer. Terms of the transaction were not disclosed.
The Simpson Thacher team includes: Rich Capelouto, Chad Skinner, Nick Washburn, Jon Amt and Brian Osimiri (M&A), Steve DeLott (Insurance), Katharine Moir and Dan Foster (Tax), Tristan Brown and Linda Barrett (Executive Compensation and Employee Benefits) and Keren Siman-Tov (IP).
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