Eugene L. Chang

On July 25, Willkie client The TCW Group (TCW) announced its agreement to acquire investment firm Engine No.1’s exchange traded fund (ETF) business and infrastructure, including three ETFs. Through the transaction, TCW is acquiring the entirety of Engine No. 1’s Transform ETF platform, which includes the Transform Climate ETF (Ticker: NETZ); Transform Supply Chain ETF (Ticker: SUPP); and the Transform 500 ETF (Ticker: VOTE) index fund. Combined, the Transform ETF platform manages more than $600 million in U.S. equity ETFs focused on supply chain onshoring, and energy transition. TCW is a leading global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments. TCW manages approximately $210 billion in client assets. Through the MetWest Funds and TCW Funds families, TCW manages one of the largest mutual fund complexes in the U.S. The Willkie team was led by partner Morgan McDevitt and included partners Jay Spinola and Eugene Chang and associates Devin Crisanti, Daniel Werb and Samuel Bolam.

Aug 1

1 min

Willkie represented MGT Partners LLC, a privately owned organization backed by experienced insurance executives and investors, in its acquisition of CM Select Insurance Company from Church Mutual Holding Company Inc., a leading insurer of religious organizations in the U.S. Announced on October 4, the completed acquisition marks the launch of MGT Insurance, a tech-enabled risk solutions platform focused on the commercial property and casualty market. Founded in 2017, CM Select is an insurance carrier that provides commercial property and casualty insurance to smaller religious and non-profit organizations. MGT is expanding its offering of Business Owner’s Policy and package products to classes beyond religious and nonprofits, including veteran and minority-owned businesses. The Willkie team was led by Michael Groll and included Allison Tam, Justin Sommerkamp, Eugene Chang and Donald Henderson.

Oct 4

1 min

Willkie represented an affiliate of Syntagma Capital on its acquisition of the Wet-End leather chemicals business of Stahl. On November 18, Syntagma Capital announced that one of its affiliates reached an agreement to acquire Stahl’s Wet-End leather chemicals business, a global leader in leather chemical formulations serving the footwear, automotive, luxury goods and home furnishing industries. The transaction is expected to be completed in the first half of 2025. Syntagma Capital is a privately held investment company based in Brussels that focuses on investments in the material, chemical, industrial and business services markets. The Willkie team was led by partner Hugo Nocerino and included partners Gavin Gordon, Faustine Viala, Eugene Chang and Komal Raina, counsel Timothy Sawyer, and associates Akim Ouint, Ethan Douglas, Charles Bodreau and Carla Molines.

Nov 19

1 min

Willkie advised American International Group, Inc. (NYSE: AIG) on its definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. Announced on June 26, 2024, the sale includes AIG’s Travel Guard business and its servicing capabilities, excluding Japan and AIG’s joint venture arrangement in India. AIG’s global personal travel insurance and assistance business provides a broad range of coverage options and services, including trip cancellation, medical assistance and evacuation. The sale is expected to close by the end of 2024, subject to customary closing conditions, including regulatory approvals. AIG is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions protect their assets and manage risks through AIG operations and network partners. The Willkie team was led by partners Laura Delanoy and Robert Rachofsky and included partners David Heales, Morgan McDevitt, Eugene Chang and Geri McEvoy.

Jun 26

1 min