Howard Hughes Holdings Inc. (NYSE: HHH) announced that it has entered into a definitive agreement to acquire 100% of Vantage Group Holdings Ltd. (Vantage), a privately held leading specialty insurance and reinsurance company backed by Carlyle and Hellman & Friedman. The transaction values Vantage at US$2.1 billion and is expected to close in the second quarter of 2026, subject to customary regulatory approvals. Upon closing, Vantage will anchor Howard Hughes’ transformation into a diversified holding company. The US$2.1 billion acquisition will be financed through Howard Hughes Holdings’ cash on hand, and up to US$1 billion of non-interest-bearing preferred stock issued by HHH to Pershing Square Holdings, Ltd. (LN:PSH).
Latham & Watkins LLP represents Howard Hughes Holdings in the transaction with a corporate deal team led by partners Gary Boss, Kirsten Gaeta, Andrew Elken, and Michael Haas, with counsel Andrew Moosman and associates Ozden Samur-LaBruna, Teresa Ella Wendel, Jeremie Ruiz, and Michelle Cha. Advice was provided on insurance regulatory matters by counsel Alexander Traum; on labor and employment matters by counsel Sandra Benjamin; on debt finance matters by partner Joshua Tinkelman; on tax matters by partner Pardis Zomorodi, with associate Dominick Constantino; on employee benefits and executive compensation matters by partner Megan Alessi, with associate Robin Hellebrekers; on data privacy matters by partner Clayton Northouse; on trade controls matters by partner Erin Brown Jones; on antitrust matters by partner Caitlin Fitzpatrick; and on representations and warranties insurance matters by partner Harrison White.
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