CFC Reps & Warranty Product Supports Transatlantic Mergers, Acquisitions

CFC has enhanced its transaction liability services with the launch of a product designed to support North American buyers purchasing a UK or European target business.

CFC said its transatlantic suite of transaction liability insurance products bridges the gap between North American coverage and UK/European/International M&A practice, allowing North American buyers access to the representations and warranty (R&W) cover and process with which they are familiar.

Adam Martin, Transaction Liability team leader at CFC, said those undertaking mergers and acquisition (M&A) transactions across different jurisdictions can often face discrepancies in terminology, drafting, insurance cover and underwriting processes.

“It is important to understand the nuances of both North American deals and UK/European/International deals in order to facilitate a transatlantic underwriting process,” he said, adding CFC has experience with both North American R&W and UK, European and International warranty and indemnity policies.

CFC provides enhanced coverage under a North American-style R&W policy in respect of a UK, European or International target.

CFC said transatlantic M&As are growing as North American businesses look further afield to identify attractive deal targets.

CFC launched its transaction liability business in 2016 and is now one of the largest lower mid-market M&A insurers in the North American market by policy count and one of the largest M&A insurers globally, the company said.

Headquartered in London, CFC has offices in New York, Austin, Brussels and Brisbane.

Topics Mergers & Acquisitions