LG advises Arthur J. Gallagher on management buyout of Asian reinsurance business

24 April 2008

LG has advised existing client Arthur J. Gallagher (UK) Limited ("Gallagher"), the international insurance broking and risk management services firm, on the sale of its Asian subsidiary, Arthur J. Gallagher Asia Pte Limited to its Singapore based management. 

Structured as a share sale, the deal involved provisions which allow Gallagher to retain its existing presence in Beijing and Hong Kong. 
The LG team consisted of corporate partner Geoff Gouriet and corporate associate Sam Gray while Deacons Singapore office provided local law advice to Gallagher.

Gouriet commented: "We are pleased to have advised Gallagher on this successful disposal which for us represented an opportunity to combine our international M&A expertise and our knowledge of the insurance sector." 
Clifford Chance Wong acted for the purchaser. 
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Notes to editors:

• LG is a London-based business law firm with over 270 lawyers, advising international entrepreneurial and growth market clients seeking to raise capital for their business ventures.
• Earlier this year, LG advised Arthur J. Gallagher (UK) Limited on the sale of all of Gallagher Re's treaty and certain parts of its facultative broking business in the UK to Aon.

ENDS

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