Davis Polk is advising Morgan Stanley Capital Partners as selling shareholder in connection with the $616 million acquisition by American Family Mutual Insurance Company of Homesite Group, Inc. The acquisition, which is expected to close by the end of the year, is subject to customary closing conditions and regulatory approvals.
Homesite Group, headquartered in Boston, Massachusetts, offers homeowners, renters and condominium insurance in 46 states. American Family Insurance is a Madison, Wisconsin-based provider of auto, homeowners, life, business and farm and ranch insurance in 19 states.
The Davis Polk corporate team includes partner John A. Bick and associate Leo Borchardt. All members of the Davis Polk team are based in the New York office.
