Kimberly Meng Han

Kirkland & Ellis advised Blue Owl Capital Inc. (NYSE: OWL), a leading alternative asset manager, on the completion of its acquisition of Kuvare Insurance Services LP (dba Kuvare Asset Management) (KAM). The transaction was previously announced in April 2024. KAM is a boutique investment management firm with approximately $20 billion of assets under management as of May 31, 2024. Blue Owl's acquisition of KAM enhances its ability to serve the insurance market at scale and marks the official launch of Blue Owl Insurance Solutions. Read Blue Owl’s press release The Kirkland team was led by corporate partners Emma Lange-Novak, Kimberly Meng Han, Rick Campbell, Eric Sweigard and Parimah Hassouri; capital markets partners Pippa Bond and Tommy Felix; and tax partners Meredith Levy and Liam Murphy.

Jul 8

1 min

Kirkland & Ellis is advising Oaktree Capital Management, L.P. on the $420 million acquisition of Ambac Financial Group, Inc.’s (NYSE: AMBC) legacy financial guarantee insurance businesses, Ambac Assurance Corporation and Ambac UK. Oaktree will also receive warrants to acquire up to 9.9% of Ambac common stock at a strike price of $18.50. The transaction’s closing is subject to customary conditions, including regulatory approvals in the U.S. and U.K. and approval by Ambac’s shareholders, and is expected to take place in the fourth quarter of 2024 or first quarter of 2025. Read the transaction press release The Kirkland team was led by corporate partners Rajab Abbassi, Hamed Meshki and Kimberly Meng Han and associates Spencer Brass, Tammy Adereti, Joanne Moon and Jorge Arias; capital markets partners Rachel Sheridan, Shagufa Hossain and Anthony Sanderson and associate Aaron Simons; executive compensation partner Jack Stratton and associate Ambra Casonato; technology & IP transactions partner Matt Lovell and associate Justin Garfinkle; regulatory partners Parimah Hassouri and Daniel Fallon; tax partners Mike Beinus, Vivek Ratnam and Jake Jung; litigation partners Josh Greenblatt and Amal El Bakhar and associate Mary Guyer; employee benefits partners Matthew Antinossi; employment & labor partner Mari Stonebraker; and debt finance partners Katrina Levy and David Nemecek.

Jun 5

1 min

Kirkland & Ellis advised Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), on an agreement for Protective’s principal subsidiary, Protective Life Insurance Company, to acquire ShelterPoint Group, Inc., a leading provider of statutory disability, paid family and medical leave and medical gap insurance products, among others. The transaction is expected to close before the end of the year, pending regulatory approvals and other customary closing conditions. Read Protective’s press release The Kirkland team was led by corporate partners Kimberly Meng Han and Rajab Abbassi and associates Alex Rodriguez Perez, Shaq Taylor and Aburiyeba Ibiye Amaso; insurance regulatory partner Parimah Hassouri; tax partner Polina Liberman and associate Joey Morley; technology & IP transactions partner Jeffrey Seroogy and associates Rob Patrignani and Leonor Suarez; healthcare partner Anthony Del Rio and associate Jonathan Deitch; transactional liability insurance partner Hayley Hollender; and antitrust partner Andrea Murino and associates Chris Salvatore and Declan Duggan, with additional support from corporate associate Alex Adamis.

Apr 10

1 min

Kirkland & Ellis advised Castlelake, L.P. (“Castlelake”), a global alternative investment manager specializing in asset-backed private credit with 17 years of experience investing in, financing and managing aviation assets, on the creation of a Bermuda-licensed reinsurance company, Itasca Re Limited, to offer insurance financing solutions to buyers and owners of commercial aircraft assets. Itasca Re will reinsure aircraft non-payment insurance (ANPI) policies issued by Starr Insurance Companies and brokered by Piiq Risk Partners, an insurance broker associated with The Ardonagh Group. Read Castlelake’s press release The Kirkland team was led by corporate partners Kimberly Han and Rajab Abbassi and associate Sandra Ghobraiel; insurance regulatory partner Parimah Hassouri; technology & IP transactions partners Neil Hirshman and Jeffrey Seroogy and associate Jessie Perlman; investment funds partners Erica Temel, Samuel Francis and Samuel Weber; executive compensation partner Rohit Nafday and associate Michal Galayevich; and tax partner Philip Cooke.

Jan 17

1 min

Kirkland & Ellis represented private investment management firm Centerbridge Partners in connection with a $1.3 billion capital raise for life and annuity reinsurer Martello Re Limited. The capital raise includes $935 million in equity and a $360 million upsizing of the company’s credit facility. Centerbridge is one of Martello Re’s founders and financial supporters. Centerbridge, along with Massachusetts Mutual Life Insurance Company, Brown Brothers Harriman and a group of institutional investors, launched Martello Re in 2022. Read the transaction press release The Kirkland team included corporate partners Rajab Abbassi and Kimberly Han and investment funds partners Erica Berthou, Bryan McGee and Linda Dahl.

Jul 23

1 min