Kirkland & Ellis advised FTV Capital on its strategic growth investment in Neptune Flood Incorporated, a digital insurtech platform and private flood insurance provider, alongside Bregal Sagemount. FTV and Sagemount will acquire a substantial minority stake in the company, with Neptune CEO and management maintaining majority ownership. Financial terms of the transaction were not disclosed.
The Kirkland team was led by corporate partners Chris Burwell and Leo Greenberg and associates Michael Nester and Guy Green; debt finance partner Jud Oswald and associate Justin Greer; tax partner David Kung and associate Zak Morozov; and antitrust partners Mike Thorpe and Alasdair Balfour.
