Davis Polk advised Assurant, Inc. in connection with the SEC-registered secondary offering of 7,869,230 shares of Assurant, Inc. common stock by certain affiliates of TPG Global, LLC for an aggregate price to the public of $772.4 million.
Assurant, Inc. is a global provider of risk management solutions, protecting where consumers live and the goods they buy. Assurant focuses on the housing and lifestyle markets, and is among the market leaders in mobile device protection and related services, extended service contracts, vehicle protection, pre-funded funeral insurance, renters insurance, lender-placed homeowners insurance and mortgage valuation and field services. Assurant operates in 16 countries, while its Assurant Foundation works to support and improve communities.
The Davis Polk capital markets team included partner Richard D. Truesdell Jr. and associates Zoey Hitzert and Win Rutherfurd. The tax team included partner Po Sit and associate Joseph M. Gerstel. Counsel Charles Shi provided ERISA advice. Counsel Sarah E. Kim and associates Matthew R. Silver and Sijia Cai provided 1940 act advice. All members of the Davis Polk team are based in the New York office.