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Restructuring of U.S. and Bermuda Affiliates as Part of Company's Sale to Private Equity Fund

The Norwich Group

Sale of a controlling interest in the Norwich Group to Flexpoint Partners, an equity investment firm. Terms of sale include Flexpoint will invest up to $60 million in the Norwich Group over time. The complicated transaction involved restructuring a group of U.S. and Bermuda affiliates and negotiating the sale itself. A long-time client of the firm, The Norwich Group engages in the development, implementation and administration of specialty insurance programs for the commercial property/casualty marketplace.

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