Weil Advises WTW on $1.3 Billion Acquisition of Newfront

Weil represented WTW in its definitive agreement to acquire Newfront. WTW, a leading global advisory, broking and solutions company, has agreed to acquire Newfront, a San Francisco-based, top-40 U.S. broker that combines deep specialty expertise with advanced technology. The agreement provides for total consideration of $1.3 billion. The upfront portion of $1.05 billion comprises approximately $900 million in cash and $150 million in equity to be paid to Newfront employee-shareholders. The contingent consideration of up to $250 million is payable primarily in equity and is subject to Newfront’s achievement of specified performance targets. Weil represented WTW with a team composed by: Mergers & Acquisitions partners Michael J. Aiello and Matthew Gilroy; Mergers & Acquisitions associates Brandon Nesfield, Amanda Kadish, David Rudolph, Vincent Calderon and Ryan D’Arco (Not Yet Admitted in New York); Executive Compensation & Benefits Head Paul Wessel, partners Jack Stratton and Sarah Downie, counsel Nicole Tark and associate Rustin Armknecht; Global Tax Chair Joseph Pari and associates Madeline Joerg and Zachary Torres; IP, Technology & Science Litigation partner Gabriel Gross and associate Shireen Leung; Employment partner Xander Tabloff and associate Michael Verdichizzi; Private Funds partner David Wohl; Antitrust partner John Scribner, partner-elect Michael Naughton and associates Joe Ehrenkrantz, Kathryn Graham and Fiona O’Brien; U.S. Privacy & Cybersecurity Head Olivia Greer and associates David Merck and Sarah Schwarz; Technology & IP Transactions partner Dennis Adams and associates Nupur Sachdev (Not Yet Admitted in New York) and Taya Bokert; Real Estate counsel Simon Heimowitz and associates Ilana Bier and Brenna Murphy; Governance, Securities & Reporting partner Kaitlin Descovich and associate Julie Rong (Not Yet Admitted in CA); Regulatory Transactions partner Antonia Tzinova, partner-elect Ariel Fliman and associate Sisi Liu; Capital Markets partners Corey Chivers and Merritt Johnson and associates Michael Cremers and Eric Wissman; and Banking & Finance Co-Head Courtney S. Marcus and partner Jessie Chiang.

Weil Advises WTW on $1.3 Billion Acquisition of Newfront

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