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Deals
Maples Advises BlackRock in Connection with US$300 Million Loan to Root, Inc.
09 Mar 2022
Maples and Calder, the Maples Group's law firm, is pleased to have advised on the security package in respect of the Cayman Islands insurance subsidiary of Root, Inc. ("Root") in connection with the US$300 million senior term loan made to Root by certain funds and accounts managed by BlackRock Financial Management Inc. ("BlackRock"), its affiliates and co-investors.
A multi-disciplinary team of lawyers based in the firm's Cayman Islands office provided Cayman Islands counsel to BlackRock and was led by Finance Partner, John Dykstra with the assistance of Funds & Investment Management Partner, Abraham Thoppil and Finance Associate, Jonathan Brown.
Clifford Chance provided US counsel to BlackRock on the finance, insurance, tax and equity aspects on the transaction.
A multi-disciplinary team of lawyers based in the firm's Cayman Islands office provided Cayman Islands counsel to BlackRock and was led by Finance Partner, John Dykstra with the assistance of Funds & Investment Management Partner, Abraham Thoppil and Finance Associate, Jonathan Brown.
Clifford Chance provided US counsel to BlackRock on the finance, insurance, tax and equity aspects on the transaction.
Related Services
Finance
Advising on the laws of the BVI, the Cayman Islands, Ireland, Jersey and Luxembourg, our global Finance team provides expert legal advice on even the most complex financial transactions under intense time pressure. Clients repeatedly return to our qualified finance lawyers to handle a variety of complex matters relating to acquisition and leveraged financing, asset finance, banking, debt capital markets, derivatives, fund finance, insurance linked products, Islamic finance, repackaging and structured finance.
Insurance
Advising on the laws of the BVI, the Cayman Islands and Ireland, our global Insurance team of lawyers help to shape the insurance sector by providing expert legal advice on insurance vehicles, establishing insurance companies, insurance management and broker operations, catastrophe bond vehicles and other insurance-linked products, captive insurance, reinsurance and sidecars, licensing of insurers, managers and brokers and corporate advisory.
Related Contacts
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John Dykstra
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Jonathan Brown
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