Daily News: January 20, 2015

Weil Advises Morgan Stanley, Goldman on XL Group’s Buy

A Weil team advised Morgan Stanley and Goldman Sachs as financial advisors and providers of a bridge financing to XL Group for its approximately $4.1 billion acquisition of Catlin Group, a Bermuda-based specialty insurance and reinsurance company.

The acquisition will form a combined business which is expected to have a leading presence in the global specialty insurance and reinsurance markets. The transaction is structured as a scheme of arrangement and is expected to close mid-2015.