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Late Summer Harvester for Michelman & Robinson Corporate Department

October 1, 2013

During the last week of September Michelman & Robinson, LLP's ("M&R") Corporate and Securities Department closed five M&A transactions … in five days.

The largest and most challenging of the transactions was Confie Seguros’ acquisition of Affirmative Insurance Holdings’ retail division – code name “Harvester.” It was highly complex; phone calls authorizing the transfer of funds at closing involved both parties, four sets of banks and six major law firms, including M&R. Concurrently, Confie closed two other deals: acquiring a California-based insurance wholesaler as well as a New York-based retail insurance broker.

Target shareholders were to assume the management of Alliant’s Houston-based energy and marine division. The transaction had merger-like qualities requiring heavy negotiation with seller’s counsel regarding post-closing operational conduct.

The ability to close a deal a day speaks volumes about the capabilities of M&R’s Corporate and Securities Department. Attorneys from Employment, IP and Real Estate also provided invaluable assistance. These achievements highlight our culture of collaboration and collegiality.