CHICAGO – Troutman Pepper Locke advised The Baldwin Group, Inc. (Baldwin), an independent insurance distribution firm, as insurance regulatory counsel in connection with its $7.7 billion all-cash take-private transaction with Sequence Holdings (Sequence) and DFO Management (DFO). For more information, see the press release.
Upon completion, Baldwin will become a privately held company, with eligible Baldwin colleagues retaining a significant minority equity stake alongside Sequence, a permanent holding company that acquires established enterprises in the service economy, and DFO, the family investment office of Dell Technologies founder Michael Dell. The transaction is expected to close in Q1 2027, subject to shareholder approval, regulatory approvals, and other customary closing conditions.
The Troutman Pepper Locke team advising Baldwin was led by partner Ben Sykes and included partner Marisa Young, both based in Chicago.
Troutman Pepper Locke’s Insurance Transactional and Regulatory Practice navigates the complex landscape of insurance laws, regulations, and corporate transactions. The team provides strategic counsel to insurance companies, reinsurers, brokers, and other industry stakeholders, ensuring compliance with regulatory frameworks while facilitating mergers, acquisitions, capital raising, restructurings, and innovative market entries.
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