Eversheds Sutherland Advises Arch MI on Acquisition of RMIC
June 10, 2024
United States
United States
United States
Eversheds Sutherland advised Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., on its acquisition of RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation.
The definitive agreement was first announced on November 13, 2023. The deal closed on June 3, 2024. Jefferies LLC served as Arch’s financial advisor and Eversheds Sutherland served as Arch’s legal advisor.
The Eversheds Sutherland team was led by Partners Sean Wissman (Insurance) and Scott Burton (Insurance) and also included Partners Laura Taylor (Tax), Pete Pappas (Intellectual Property), Joshua Shapiro (Antitrust); Senior Counsel Kristan Rizzolo (Tax); Special Counsel Bronwyn McDermott (Insurance); Counsel Deepa Menon (Tax); and Associates Robert Patton (Insurance), Ed Yin (Insurance) and Dylan de Fouw (Corporate).
The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.