Troutman Pepper Locke Advises Mutual ‎Capital Group in Acquisition of ICC Holdings

CHICAGO – Troutman Pepper Locke advised Mutual ‎Capital Group, Inc., parent company of Mutual Capital Holdings, Inc. (MCH), in the close of its acquisition of ICC Holdings, Inc. (ICCH), parent company of Illinois ‎Casualty Company. At the closing, MCH acquired ICCH in an all-cash merger valued at approximately $73.8 million. As part of the transaction, each share of ICCH common stock issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive $23.50 in cash. For more information, read the press release.

The acquisition was financed by a combination of debt and ‎equity financing. The transaction received regulatory approval from the insurance departments of ‎Illinois and Pennsylvania.‎

The Troutman Pepper Locke team advising MCH was led by Brett Pritchard and Charles Wu. Michael Harrison led the debt financing, and Tim Farber led the insurance regulatory approval process. Additional support was provided by Mason Marek, Carla Hines, Tom Bohac, Tamer Tullgren, Peter Wynacht, Gislar Donnenberg, ‎Grace Elliott, Laura L. Ferguson, Ed Razim, Susan Rainey, ‎Amy Gremminger White, Floy Gaidarski, Chris Fontenelli, Joseph Chung, Ryan Last, Sean Fifield, and Gene McDermott.‎

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. By combining deep experience with industry insights, Troutman Pepper Locke empowers clients to achieve their business objectives while mitigating risks in a highly regulated sector.

Troutman Pepper Locke

Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.