Markel $919 million acquisition of State National Companies

26/7/2017

Public acquisition

Value:

$ 919 million

Status:

Announced

Date:

26/7/2017

Overview:

Markel has acquired all outstanding shares of State National Companies for $919 million.
State National is the largest US insurance fronting business.
Evercore has acted as exclusive financial adviser to State National.

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Insurance

Firms:

Sidley Austin

Party: Markel (Acquirer)

Lawyers: Brian Fahrney, Scott Williams

Skadden Arps Slate Meagher & Flom

Party: State National Companies (Target)

Lawyers: Jon Hlafter, Todd Freed

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