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Preparing for a Representations and Warranties Underwriting Call in a Merger and Acquisition Transaction

JD Supra: Mergers

When a buyer in a Merger and Acquisition (M&A) transaction seeks to obtain representations and warranties insurance (RWI), one of the key steps is the underwriting call. This call is a critical part of the insurers diligence process, where the underwriters assess the risks involved in the deal before issuing the policy.

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SPACs are Back (on the Table) at Goldman

Deal Lawyers

After being the second-largest underwriter of SPAC IPOs in 2021, the firm made the decision in 2022 not to work with SPACs anymore — through a self-imposed ban on underwriting SPAC IPOs or working on de-SPAC transactions — apparently deeming it too […] ICYMI, last week, Bloomberg reported that Goldman is back in the SPAC market.

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Next Stop: Charlotte October 2024 - Underwriting Secondaries Deals

JD Supra: Mergers

The market for financing pools of interests in private equity funds and private credit funds continues to sizzle, with new lenders joining the market and competition on pricing leading to a tightening of spreads for the most sought after deals.

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Important RWI Considerations under the Corporate Transparency Act

JD Supra: Mergers

Given the breadth of standard representations and warranties insurance (“RWI”) policies, carriers and underwriters should be aware of these new requirements and their impact on RWI policies issued in 2024 and beyond. In the below legal update, the Seyfarth RWI Underwriting Counsel team describes the new filing. By: Seyfarth Shaw LLP

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MDP-backed Navacord adds Unity Managing Underwriters

PE Hub

Unity Managing Underwriters provides creditor, life, disability and extended warranty products for personal and commercial vehicles. The post MDP-backed Navacord adds Unity Managing Underwriters appeared first on PE Hub.

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Investment banks squabble over carbon footprint of underwriting deals

Financial Times - Banking

Working group votes on whether to exclude portion of underwriting deals from net zero targets, but critics see ‘double standards’

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SEC Adopts Final Rules Enhancing Disclosures and Providing Additional Investor Protections Related to SPACs

JD Supra: Mergers

The SEC also provided guidance regarding underwriter status. The final rules require new enhanced disclosure requirements related to SPACs, and include new procedural protections in de-SPAC transactions. By: Troutman Pepper