Arch Capital Group Ltd. Completes Acquisition of a Minority Stake in Coface

February 11, 2021

Willkie represented Arch Capital Group, a global provider of insurance and reinsurance, in the completion of its acquisition of a minority stake in Coface from Natixis.

On February 10, Willkie client Arch Capital Group Ltd. and Natixis announced the completion of a share purchase agreement, whereby Arch Capital Group acquired a 29.5% stake in Coface. The announcement follows satisfaction of antitrust and regulatory conditions. The stake was acquired by Arch Financial Holdings Europe IV Limited, an affiliate of Arch Capital Group Ltd., at a price of €9.95 per share.

Pursuant to the deal, Natixis is no longer represented on Coface’s board of directors, with Arch assuming four of Natixis’ seats. Natixis will hold its remaining 12.7% stake in Coface as a financial participation. The deal was previously announced on February 25, 2020. Click here to read Willkie’s deal announcement.

Arch Capital Group Ltd., a Bermuda-based company with approximately $15.8 billion in capital at Dec. 31, 2020, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

The cross-border Willkie team was led by partner Gabriel Flandin in Paris and included partners Nicholas Bugler (London), Allison Tam (New York) and Faustine Viala (Paris).