October 15, 2014

Willkie represented Worley and its owners including Seaport Capital in the transaction. 

On October 9, it was announced that Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services companies, signed a definitive agreement to acquire a majority stake in Worley Claims Services, one of the largest independent providers of claims adjustment and related services in the United States.  Willkie represented Worley and its owners, including Seaport Capital, in the transaction. Based in Hammond, Louisiana, Worley provides property, auto, personal lines and casualty claims adjustment and related services to national and regional insurance companies as well as commercial clients and clients in the federal/state government sector.  Seaport Capital provides capital to middle market companies in the communications, business services and media sectors.

The deal was handled by partners Bruce Herzog, Hillel Jacobson and William Hiller, special counsel Cindy Chernuchin and Jonathan Konoff and associates Michael Brandt, Angela Redai, Zelda Ferguson, Joshua Parker, Timothy Andree, Meredith Levy, Amir Ghavi, Justin Elliott and Geri Anne McEvoy.