Schulte Roth & Zabel Represents Voce Capital Management In Connection With Investment In Argo

New York – February 9, 2023 – Schulte Roth & Zabel (SRZ) represented Voce Capital Management in its investment in Argo Group International Holdings, Ltd., an underwriter of specialty insurance products, which announced on February 8, 2023 that it has entered into a definitive merger agreement whereby Brookfield Reinsurance will acquire the company in an all-cash transaction valued at approximately $1.1 billion.

Voce previously entered into a cooperation agreement with Argo pursuant to which three new directors were appointed to the company’s board of directors.  Subsequently, in August 2022, J. Daniel Plants, Chief Investment Officer and a founder of Voce was appointed to the board and to its strategic review committee.

The Brookfield transaction represents the conclusion of Argo’s evaluation of strategic alternatives that was led by the strategic review committee. Voce entered into a voting and support agreement with Argo and Brookfield in connection with the announced transaction and under which Voce, among other things, has agreed to vote in favor of the approval of the transaction, subject to certain conditions.

The SRZ team was led by partners Ele Klein and Adriana Schwartz and associate Sean Brownridge. The team also included associate Erik Son.

About Schulte Roth & Zabel

Schulte Roth & Zabel LLP (srz.com) is a full-service law firm with offices in New York, Washington, DC and London. As one of the leading law firms serving the financial services industry, the firm advises clients on investment management, corporate and transactional matters, and provides counsel on securities regulatory compliance, enforcement and investigative issues. The firm’s practices include: antitrust; bank regulatory; bankruptcy & creditors’ rights litigation; blockchain technology & digital assets; broker-dealer regulatory & enforcement; business reorganization; complex commercial litigation; cybersecurity & data privacy; distressed debt & claims trading; distressed investing; education law; employment & employee benefits; energy; environmental; estate planning; estate & trust administration; environmental, social and governance (ESG); family law; finance & derivatives; financial institutions; hedge funds; insurance; intellectual property, sourcing & technology; investment management; litigation; litigation finance; mergers & acquisitions; nonprofits; philanthropic planning; PIPEs; private credit, distressed investing & direct lending; private equity; real estate; real estate capital markets & REITs; real estate litigation; regulated funds; regulatory & compliance; securities & capital markets; securities enforcement; securities litigation; securitization; shareholder activism; structured finance & derivatives; tax; trading agreements; and white collar defense & government investigations.