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Sard Verbinnen & Co. represents Alleghany Corp. as the insurer agrees to be acquired by Warren Buffett’s Berkshire Hathaway via an $11.6B cash deal.
The $848.02 per-share offer is a 16 percent premium to Alleghany’s 52-week high closing stock price.
Alleghany CEO Joe Brandon, a longtime friend of Buffett, called the deal a “terrific transaction for Alleghany’s owners, businesses, customers and employees.”
As part of BH, “each of Alleghany’s businesses will be exceptionally well positioned to serve its clients and achieve its full potential,” he added.
The deal, which is expected to close during the fourth quarter, does feature a 25-day “go-shop” period, in which Alleghany can seek a buyer with a better offer.
SV&C’s Paul Scarpetta, Drew Brown and Warren Rizzi represent Alleghany, which is based in New York.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
