Max Capital and Harbor Point to Combine in $3 Billion Transaction
(New York, New York) – Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) and privately held Harbor Point Limited announced today that they will combine in a merger of equals valued at $3 billion, subject to shareholder and regulatory approval and certain other customary closing conditions. The new Bermuda-based company will be renamed and rebranded as Alterra Capital Holdings Limited and will trade on the NASDAQ Global Select market under the symbol ALTE.
Corporate partners Kerry E. Berchem and Jeffrey L. Kochian of Akin Gump Strauss Hauer & Feld LLP in New York advised Max Capital on the transaction. The Akin Gump team also included corporate partner Patrick J. Dooley, counsel Ron E. Deutsch, and associates John P. Quinn and Eli N. Miller; benefits partners Rolf Zaiss and Jessica Cherry and associate Nyron J. Persaud; tax senior counsel Robert Rothman, counsel Alexander F. Anderson and associate Jennifer B. Pak; IP partner Karol A. Kepchar, counsel David C. Lee and senior attorney Laura Geyer; and antitrust partner Anthony P. Swisher.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 800 lawyers in the United States, Europe, Asia and the Middle East.
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